0000851968-23-000086 | 10-Q | XBRL Viewer

Fair Value (Tables)

6 Months Ended

Jul. 01, 2023

Items Measured at Fair Value


	July 1, 2023		December 31, 2022


Short-term investments:

Commercial paper (Level 2)	$	—	158,000

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 570,933	$ 509,623
Short-term investments	0	158,000
Receivables, net	2,087,071	1,904,786
Inventories	2,618,711	2,793,765
Prepaid expenses	552,162	498,222
Other current assets	22,451	30,703
Total current assets	5,851,328	5,895,099
Property, plant and equipment	10,136,971	9,647,779
Less: accumulated depreciation	5,179,746	4,986,601
Property, plant and equipment, net	4,957,225	4,661,178
Right of use operating lease assets	400,419	387,816
Goodwill	2,031,034	1,927,759
Tradenames	708,243	668,328
Other intangible assets subject to amortization, net	179,686	189,620
Deferred income taxes and other non-current assets	457,228	390,632
Total assets	14,585,163	14,120,432
Current liabilities:
Short-term debt and current portion of long-term debt	1,038,032	840,571
Accounts payable and accrued expenses	2,143,807	2,124,448
Current operating lease liabilities	106,102	105,266
Total current liabilities	3,287,941	3,070,285
Deferred income taxes	405,159	444,660
Long-term debt, less current portion	2,013,327	1,978,563
Non-current operating lease liabilities	310,612	296,136
Other long-term liabilities	356,104	312,874
Total liabilities	6,373,143	6,102,518
Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock, $.01 par value; 60 shares authorized; no shares issued	0	0
Common stock, $.01 par value; 150,000 shares authorized; 71,018 and 70,875 shares issued and outstanding in 2023 and 2022, respectively	710	709
Additional paid-in capital	1,937,320	1,930,789
Retained earnings	7,591,215	7,409,760
Accumulated other comprehensive loss	(1,107,742)	(1,114,258)
Less: treasury stock at cost; 7,338 and 7,341 shares in 2023 and 2022, respectively	215,397	215,491
Total Mohawk Industries, Inc. stockholders’ equity	8,206,106	8,011,509
Nonredeemable noncontrolling interests	5,914	6,405
Total stockholders’ equity	8,212,020	8,017,914
Total liabilities and stockholders’ equity	$ 14,585,163	$ 14,120,432

COVER PAGE - shares	6 Months Ended
COVER PAGE - shares	Jul. 01, 2023	Jul. 26, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2023
Document Transition Report	false
Entity File Number	01-13697
Entity Registrant Name	MOHAWK INDUSTRIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-1604305
Entity Address, Address Line One	160 S. Industrial Blvd.
Entity Address, City or Town	Calhoun
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30701
City Area Code	706
Local Phone Number	629-7721
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	MHK
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		63,682,156
Entity Central Index Key	0000851968
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Goodwill and Intangible Assets - Schedule of Indefinite Life Assets Not Subject to Amortization (Details) - Tradenames $ in Thousands	6 Months Ended
	Jul. 01, 2023 USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Balance as of December 31, 2022	$ 668,328
Intangible assets acquired during the period	38,539
Currency translation during the period	1,376
Balance as of July 1, 2023	$ 708,243

Revenue from Contracts with Customers

6 Months Ended

Jul. 01, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Contract Liabilities

The Company records contract liabilities when it receives payment prior to fulfilling a performance obligation. Contract liabilities related to revenues are recorded in accounts payable and accrued expenses on the accompanying Condensed Consolidated Balance Sheets. The Company had contract liabilities of $70,931 and $72,572 as of July 1, 2023 and December 31, 2022, respectively.

Performance Obligations

Substantially all of the Company’s revenue is recognized at a point in time when the product is either shipped or received from the Company’s facilities and control of the product is transferred to the customer. Accordingly, the Company does not recognize a significant amount of revenue from performance obligations satisfied, or partially satisfied, in prior periods, and the amount of such revenue recognized during the three and six months ended July 1, 2023 and July 2, 2022 was immaterial.

Costs to Obtain a Contract

The Company incurs certain incremental costs to obtain revenue contracts. These costs relate to marketing display structures and are capitalized when the amortization period is greater than one year, with the amount recorded in other assets on the accompanying Condensed Consolidated Balance Sheets. Capitalized costs to obtain contracts were $69,201 and $59,015 as of July 1, 2023 and December 31, 2022, respectively. Straight-line amortization expense recognized during the six months ended July 1, 2023 and July 2, 2022 related to these capitalized costs were $27,479 and $24,876, respectively.

Revenue Disaggregation

In the second quarter of 2023, we updated the geographical markets for our disaggregated revenue. We added Latin America and combined Russia into Europe to more closely align with our current business. We have reflected this change in all historical periods presented. The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended July 1, 2023 and July 2, 2022:


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	611,602	973,528	2,268	1,587,398
Europe	297,301		71	611,288	908,660
Latin America	197,990		737	8,238	206,965
Other	48,469		27,362	171,574	247,405
Total	$	1,155,362	1,001,698	793,368	2,950,428

Product Categories
Ceramic & Stone	$	1,145,234	9,883	—	1,155,117
Carpet & Resilient	10,128		791,269	235,423	1,036,820
Laminate & Wood	—		200,546	253,760	454,306
Other (1)	—		—	304,185	304,185
Total	$	1,155,362	1,001,698	793,368	2,950,428


July 2, 2022	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	625,613	1,061,276	4,232	1,691,121
Europe	359,844		1,721	682,802	1,044,367
Latin America	125,003		830	7,769	133,602
Other	48,109		35,711	200,278	284,098
Total	$	1,158,569	1,099,538	895,081	3,153,188

Product Categories
Ceramic & Stone	$	1,153,143	10,055	—	1,163,198
Carpet & Resilient	5,426		862,033	244,700	1,112,159
Laminate & Wood	—		227,450	304,159	531,609
Other (1)	—		—	346,222	346,222
Total	$	1,158,569	1,099,538	895,081	3,153,188

(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the six months ended July 1, 2023 and July 2, 2022:


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,208,244	1,899,336	3,501	3,111,081
Europe	570,770		292	1,242,886	1,813,948
Latin America	342,331		1,566	14,575	358,472
Other	93,351		53,921	325,878	473,150
Total	$	2,214,696	1,955,115	1,586,840	5,756,651

Product Categories
Ceramic & Stone	$	2,195,358	18,500	—	2,213,858
Carpet & Resilient	19,338		1,541,775	317,038	1,878,151
Laminate & Wood	—		394,840	646,834	1,041,674
Other (1)	—		—	622,968	622,968
Total	$	2,214,696	1,955,115	1,586,840	5,756,651


July 2, 2022	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,210,844	2,097,156	7,018	3,315,018
Europe	671,598		3,876	1,359,900	2,035,374
Latin America	245,255		2,158	15,324	262,737
Other	95,629		68,258	391,835	555,722
Total	$	2,223,326	2,171,448	1,774,077	6,168,851

Product Categories
Ceramic & Stone	$	2,212,854	19,043	—	2,231,897
Carpet & Resilient	10,472		1,705,115	488,828	2,204,415
Laminate & Wood	—		447,290	601,296	1,048,586
Other (1)	—		—	683,953	683,953
Total	$	2,223,326	2,171,448	1,774,077	6,168,851

(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Stock-Based Compensation (Details) - RSUs - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of shares granted in period (in shares)	30,000	0	261,000	189,000
Weighted-average grant-date fair value (in usd per share)	$ 94.86		$ 102.09	$ 137.99
Recognized stock-based compensation costs	$ 5,351	$ 5,655	$ 10,383	$ 11,309
Recognized stock-based compensation costs, net of tax	3,959	$ 4,184	7,684	$ 8,369
Pre-tax unrecognized compensation expense, net of forfeitures	$ 29,024		$ 29,024
Recognized expense over a weighted-average period (years)			1 year 11 months 4 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Goodwill and Intangible Assets

6 Months Ended

Jul. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill:


	Global Ceramic		Flooring NA	Flooring ROW	Total



Balance as of December 31, 2022 (1)	$	339,834	591,985	995,940	1,927,759
Goodwill adjustments related to acquisitions	—		(1,145)	3,217	2,072
Goodwill recognized during the period	84,367		—	—	84,367

Currency translation during the period	1,228		—	15,608	16,836




Balance as of July 1, 2023(1)	$	425,429	590,840	1,014,765	2,031,034

(1) Net of accumulated impairment losses of $2,015,939 ($1,220,444 in Global Ceramic, $343,054 in Flooring NA and $452,441 in Flooring ROW).

Intangible assets not subject to amortization:


	Tradenames
Balance as of December 31, 2022	$	668,328
Intangible assets acquired during the period	38,539

Currency translation during the period	1,376
Balance as of July 1, 2023	$	708,243

Intangible assets subject to amortization:


	Customer relationships		Patents	Other	Total




Balance as of December 31, 2022
Gross carrying amount	$	673,586	242,089	8,511	924,186
Accumulated amortization	(493,361)		(239,010)	(2,195)	(734,566)
Net intangible assets subject to amortization	180,225		3,079	6,316	189,620
Balance as of July 1, 2023
Gross carrying amount	683,755		246,820	8,718	939,293
Accumulated amortization	(513,210)		(243,998)	(2,399)	(759,607)
Net intangible assets subject to amortization	$	170,545	2,822	6,319	179,686


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Amortization expense	$	7,053	6,826	14,222	13,999

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2023 USD ($)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	$ 8,017,914
Current period other comprehensive income (loss)	6,516
Ending balance	8,212,020
Foreign currency translation adjustments
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(1,114,629)
Current period other comprehensive income (loss)	7,024
Ending balance	(1,107,605)
Prior pension and post- retirement benefit service cost and actuarial gain (loss)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	371
Current period other comprehensive income (loss)	(508)
Ending balance	(137)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(1,114,258)
Ending balance	$ (1,107,742)

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

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-Paragraph 24
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+ Details

Debt - Senior Credit Facility (Details)			6 Months Ended
Debt - Senior Credit Facility (Details)	Aug. 12, 2022 USD ($)	Oct. 18, 2019 time	Jul. 01, 2023 USD ($)	Oct. 18, 2024 USD ($)	Dec. 31, 2022 USD ($)
Secured Credit Facility
Line of Credit Facility [Line Items]
Extension period multiplier (in times) \| time		2
Extension period		1 year
Consolidated interest coverage ratio		3.00
Unamortized financing costs					$ 2,663,000
Utilized borrowings under credit facility			$ 1,042,600,000
Available amount under credit facility			907,400,000
Secured Credit Facility \| Borrowings
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility			8,185,000
Secured Credit Facility \| Standby letters of credit
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility			$ 19,465,000
2022 Amended Senior Secured Credit Facility
Line of Credit Facility [Line Items]
Consolidated interest coverage ratio	3.50
Maximum borrowing capacity under credit facility	$ 1,950,000,000
Maximum commitment amount	$ 600,000,000
Commitment fee percentage			0.11%
Unamortized financing costs					$ 1,879,000
2022 Amended Senior Secured Credit Facility \| Forecast
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility				$ 1,485,000,000
2022 Amended Senior Secured Credit Facility \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.10%		1.13%
2022 Amended Senior Secured Credit Facility \| Federal Funds Effective Swap Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.50%
2022 Amended Senior Secured Credit Facility \| Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%		0.13%
2022 Amended Senior Secured Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.09%
2022 Amended Senior Secured Credit Facility \| Minimum \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%
2022 Amended Senior Secured Credit Facility \| Minimum \| Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.00%
2022 Amended Senior Secured Credit Facility \| Minimum \| Foreign Currencies Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%
2022 Amended Senior Secured Credit Facility \| Minimum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.00%
2022 Amended Senior Secured Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.20%
2022 Amended Senior Secured Credit Facility \| Maximum \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.75%
2022 Amended Senior Secured Credit Facility \| Maximum \| Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.75%
2022 Amended Senior Secured Credit Facility \| Maximum \| Foreign Currencies Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.75%
2022 Amended Senior Secured Credit Facility \| Maximum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.75%

Commitments and Contingencies (Details) $ in Thousands						10 Months Ended	13 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Dec. 13, 2022 USD ($)	May 19, 2022 complaint	Jan. 28, 2022 complaint	Oct. 05, 2021 complaint	Jun. 28, 2021 complaint	Apr. 26, 2022 complaint	May 11, 2022 complaint
Schedule Of Commitments And Contingencies [Line Items]
Settlement amount \| $	$ 60,000
Number of complaints							5
Pending litigation
Schedule Of Commitments And Contingencies [Line Items]
Number of class action lawsuits						3
Georgia State Court Investor Actions
Schedule Of Commitments And Contingencies [Line Items]
Number of complaints					4
Georgia State Court Investor Actions \| Pending litigation
Schedule Of Commitments And Contingencies [Line Items]
Number of complaints		4		4
Georgia State Court Investor Actions \| Partially granted and denied litigation
Schedule Of Commitments And Contingencies [Line Items]
Number of complaints			4

Debt - Commercial Paper (Details) - USD ($)			6 Months Ended
Debt - Commercial Paper (Details) - USD ($)	Jul. 31, 2015	Feb. 28, 2014	Jul. 01, 2023	Dec. 31, 2022	Oct. 18, 2019
United States \| Carrying Value
Line of Credit Facility [Line Items]
Commercial paper			$ 616,063,000	$ 785,998,000
United States \| Commercial paper
Line of Credit Facility [Line Items]
Maturity period of debt		397 days
Maximum borrowing capacity under credit facility					$ 1,950,000,000
United States \| Commercial paper \| Carrying Value
Line of Credit Facility [Line Items]
Maturity period of debt			58 years 10 months 24 days
Weighted average interest rate on debt (as a percent)			5.49%
Europe \| Carrying Value
Line of Credit Facility [Line Items]
Commercial paper			$ 398,887,000	$ 42,808,000
Europe \| Commercial paper
Line of Credit Facility [Line Items]
Maturity period of debt	183 days
Europe \| Commercial paper \| Carrying Value
Line of Credit Facility [Line Items]
Maturity period of debt			16 years
Weighted average interest rate on debt (as a percent)			3.64%

Accounts Payable and Accrued Expenses (Tables)

6 Months Ended

Jul. 01, 2023

Payables and Accruals [Abstract]

Schedule Of Accounts Payable And Accrued Expenses


	July 1, 2023		December 31, 2022
Outstanding checks in excess of cash	$	3,986	2,791
Accounts payable, trade	1,184,104		1,094,038
Accrued expenses	645,185		742,099
Product warranties	43,065		38,425
Accrued interest	5,130		8,748


Accrued compensation and benefits	262,337		238,347
Total accounts payable and accrued expenses	$	2,143,807	2,124,448

General	6 Months Ended
General	Jul. 01, 2023
Accounting Policies [Abstract]
General	General Unless this Form 10-Q indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Mohawk,” or “the Company” as used in this Form 10-Q refer to Mohawk Industries, Inc. Interim Reporting The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto, and the Company’s description of critical accounting policies, included in the Company’s 2022 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Results for interim periods are not necessarily indicative of the results for the year.

Fair Value - Schedule of Fair Value Measurements (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Fair value, recurring \| Level 2 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 0	$ 158,000

Supplemental Cash Flow Information (Tables)

6 Months Ended

Jul. 01, 2023

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information


	Six Months Ended
	July 1, 2023		July 2, 2022
Net cash paid during the periods for:
Interest	$	54,212	34,059
Income taxes	$	85,713	154,386

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	107,686	79,674








ROU assets obtained in exchange for lease obligations:
Operating leases	$	73,131	67,176
Finance leases	$	20,523	7,925

Stockholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 8,105,706	$ 8,287,603	$ 8,017,914	$ 8,428,216
Beginning balance (in shares)			70,875
Beginning balance, treasury stock (in shares)			(7,341)
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	(17)	2	$ (3,810)	(3,213)
Stock-based compensation expense	5,350	5,654	10,383	11,309
Repurchases of common stock		(611)		(307,188)
Net earnings attributable to noncontrolling interests	(3)	79	35	184
Currency translation adjustment on non-controlling interests	(316)	535	(373)	272
Purchase of noncontrolling interest, net of taxes		(355)	(100)	(355)
Currency translation adjustment	95	33,530	7,024	(48,654)
Prior pension and post-retirement benefit service cost and actuarial gain (loss)	(12)	70	(508)	607
Net earnings	101,217	280,431	181,455	525,760
Ending balance	$ 8,212,020	8,606,938	$ 8,212,020	8,606,938
Ending balance (in shares)	71,018		71,018
Ending balance, treasury stock (in shares)	(7,338)		(7,338)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 710	$ 709	$ 709	$ 729
Beginning balance (in shares)	71,017	70,880	70,875	72,952
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards			$ 1	$ 1
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards (in shares)	1	2	143	107
Repurchases of common stock				$ (21)
Repurchases of common stock (in shares)		(4)		(2,181)
Ending balance	$ 710	$ 709	$ 710	$ 709
Ending balance (in shares)	71,018	70,878	71,018	70,878
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 1,931,987	$ 1,913,518	$ 1,930,789	$ 1,911,131
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	(17)	(2)	(3,905)	(3,270)
Stock-based compensation expense	5,350	5,654	10,383	11,309
Purchase of noncontrolling interest, net of taxes		572	53	572
Ending balance	1,937,320	1,919,742	1,937,320	1,919,742
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	7,489,998	7,630,837	7,409,760	7,692,064
Repurchases of common stock		(611)		(307,167)
Net earnings	101,217	280,431	181,455	525,760
Ending balance	7,591,215	7,910,657	7,591,215	7,910,657
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,107,825)	(1,048,599)	(1,114,258)	(966,952)
Currency translation adjustment	95	33,530	7,024	(48,654)
Prior pension and post-retirement benefit service cost and actuarial gain (loss)	(12)	70	(508)	607
Ending balance	(1,107,742)	(1,014,999)	(1,107,742)	(1,014,999)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (215,397)	$ (215,495)	$ (215,491)	$ (215,547)
Beginning balance, treasury stock (in shares)	(7,338)	(7,341)	(7,341)	(7,343)
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		$ 4	$ 94	$ 56
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards (in shares)			3	2
Ending balance	$ (215,397)	$ (215,491)	$ (215,397)	$ (215,491)
Ending balance, treasury stock (in shares)	(7,338)	(7,341)	(7,338)	(7,341)
Nonredeemable Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 6,233	$ 6,633	$ 6,405	$ 6,791
Net earnings attributable to noncontrolling interests	(3)	79	35	184
Currency translation adjustment on non-controlling interests	(316)	535	(373)	272
Purchase of noncontrolling interest, net of taxes		(927)	(153)	(927)
Ending balance	$ 5,914	$ 6,320	$ 5,914	$ 6,320

Restructuring, Acquisition and Integration-Related Costs (Tables)

6 Months Ended

Jul. 01, 2023

Restructuring and Related Activities [Abstract]

Schedule Of Restructuring, Acquisition Transaction And Integration-related Costs

Restructuring, acquisition transaction and integration-related costs consisted of the following during the three and six months ended July 1, 2023 and July 2, 2022:


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Cost of sales
Restructuring costs	$	29,576	403	58,620	1,301

Acquisition integration-related costs	865		309	877	349
Restructuring and acquisition integration-related costs	$	30,441	712	59,497	1,650

Selling, general and administrative expenses
Restructuring costs	$	5,606	86	5,803	86
Acquisition transaction-related costs	929		330	1,304	1,027
Acquisition integration-related costs	4,685		770	7,181	1,054
Restructuring, acquisition transaction and integration-related costs	$	11,220	1,186	14,288	2,167

Schedule Of Restructuring Activity

The restructuring activity for the three months ended July 1, 2023 is as follows:


	Lease impairments		Asset write- downs and gains on disposals	Severance	Other restructuring costs	Total
Balance as of April 1, 2023	$	—	—	8,057		—	8,057
Restructuring costs
Global Ceramic	255		2,133	5,683		43	8,114
Flooring NA	—		6,620	1,503		10,366	18,489
Flooring ROW	—		7,786	—		793	8,579

Total restructuring costs	255		16,539	7,186		11,202	35,182
Cash payments	—		—	(3,574)		(7,072)	(10,646)
Non-cash items	(255)		(16,539)	71		(4,130)	(20,853)
Balances as of July 1, 2023	$	—	—	11,740		—	11,740

Restructuring costs recorded in:
Cost of sales	$	—	16,416	3,014		10,146	29,576
Selling, general and administrative expenses	255		123	4,172		1,056	5,606
Total restructuring costs	$	255	16,539	7,186		11,202	35,182

The restructuring activity for the six months ended July 1, 2023 is as follows:


	Lease impairments		Asset write- downs and gains on disposals	Severance	Other restructuring costs	Total
Balances as of December 31, 2022	$	—	—	10,037	—	10,037
Restructuring costs
Global Ceramic	255		2,133	5,683	43	8,114
Flooring NA	—		6,106	1,553	17,743	25,402
Flooring ROW	—		29,752	1	1,154	30,907

Total restructuring costs	255		37,991	7,237	18,940	64,423
Cash payments	—		—	(5,585)	(14,124)	(19,709)
Non-cash items	(255)		(37,991)	51	(4,816)	(43,011)
Balances as of July 1, 2023	$	—	—	11,740	—	11,740

Restructuring costs recorded in:
Cost of sales	$	—	37,868	3,064	17,688	58,620
Selling, general and administrative expenses	255		123	4,173	1,252	5,803
Total restructuring costs	$	255	37,991	7,237	18,940	64,423

Receivables, net (Tables)

6 Months Ended

Jul. 01, 2023

Receivables [Abstract]

Schedule Of Net Components Of Receivables


	July 1, 2023		December 31, 2022
Customers, trade	$	1,970,737	1,699,130
Income tax receivable	24,693		60,080
Other	168,920		219,355
Less: allowance for discounts, claims and doubtful accounts	77,279		73,779
Receivables, net	$	2,087,071	1,904,786

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Cash flows from operating activities:
Net earnings including noncontrolling interests	$ 181,490	$ 525,944
Adjustments to reconcile net earnings to net cash provided by operating activities:
Restructuring	33,425	1,387
Depreciation and amortization	326,542	282,984
Deferred income taxes	(59,483)	(1,377)
Loss on disposal of property, plant and equipment	421	2,444
Stock-based compensation expense	10,383	11,309
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net	(93,103)	(317,984)
Inventories	208,774	(434,686)
Accounts payable and accrued expenses	(84,044)	176,074
Other assets and prepaid expenses	(19,527)	(48,068)
Other liabilities	15,995	4,634
Net cash provided by operating activities	520,873	202,661
Cash flows from investing activities:
Additions to property, plant and equipment	(245,146)	(280,041)
Acquisitions, net of cash acquired	(515,405)	951
Purchases of short-term investments	(775,000)	(1,763,000)
Redemption of short-term investments	933,000	1,821,000
Net cash used in investing activities	(602,551)	(221,090)
Cash flows from financing activities:
Payments on Senior Credit Facilities	(827,829)	0
Proceeds from Senior Credit Facilities	827,734	0
Payments on commercial paper	(11,827,648)	(6,686,737)
Proceeds from commercial paper	12,013,370	6,964,700
Net payments of other financing activities	(30,567)	(14,263)
Purchase of Mohawk common stock	0	(307,188)
Change in outstanding checks in excess of cash	1,190	640
Net cash provided by (used in) financing activities	156,250	(42,848)
Effect of exchange rate changes on cash and cash equivalents	(13,262)	16,368
Net change in cash and cash equivalents	61,310	(44,909)
Cash and cash equivalents, beginning of period	509,623	268,895
Cash and cash equivalents, end of period	$ 570,933	$ 223,986

Receivables, net

6 Months Ended

Jul. 01, 2023

Receivables [Abstract]

Receivables, net


	July 1, 2023		December 31, 2022
Customers, trade	$	1,970,737	1,699,130
Income tax receivable	24,693		60,080
Other	168,920		219,355
Less: allowance for discounts, claims and doubtful accounts	77,279		73,779
Receivables, net	$	2,087,071	1,904,786

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jul. 01, 2023

Revenue from Contract with Customer [Abstract]

Summary Of Segment Revenues Disaggregated By Geography And Product Line

The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended July 1, 2023 and July 2, 2022:


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	611,602	973,528	2,268	1,587,398
Europe	297,301		71	611,288	908,660
Latin America	197,990		737	8,238	206,965
Other	48,469		27,362	171,574	247,405
Total	$	1,155,362	1,001,698	793,368	2,950,428

Product Categories
Ceramic & Stone	$	1,145,234	9,883	—	1,155,117
Carpet & Resilient	10,128		791,269	235,423	1,036,820
Laminate & Wood	—		200,546	253,760	454,306
Other (1)	—		—	304,185	304,185
Total	$	1,155,362	1,001,698	793,368	2,950,428


July 2, 2022	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	625,613	1,061,276	4,232	1,691,121
Europe	359,844		1,721	682,802	1,044,367
Latin America	125,003		830	7,769	133,602
Other	48,109		35,711	200,278	284,098
Total	$	1,158,569	1,099,538	895,081	3,153,188

Product Categories
Ceramic & Stone	$	1,153,143	10,055	—	1,163,198
Carpet & Resilient	5,426		862,033	244,700	1,112,159
Laminate & Wood	—		227,450	304,159	531,609
Other (1)	—		—	346,222	346,222
Total	$	1,158,569	1,099,538	895,081	3,153,188

(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,208,244	1,899,336	3,501	3,111,081
Europe	570,770		292	1,242,886	1,813,948
Latin America	342,331		1,566	14,575	358,472
Other	93,351		53,921	325,878	473,150
Total	$	2,214,696	1,955,115	1,586,840	5,756,651

Product Categories
Ceramic & Stone	$	2,195,358	18,500	—	2,213,858
Carpet & Resilient	19,338		1,541,775	317,038	1,878,151
Laminate & Wood	—		394,840	646,834	1,041,674
Other (1)	—		—	622,968	622,968
Total	$	2,214,696	1,955,115	1,586,840	5,756,651


July 2, 2022	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,210,844	2,097,156	7,018	3,315,018
Europe	671,598		3,876	1,359,900	2,035,374
Latin America	245,255		2,158	15,324	262,737
Other	95,629		68,258	391,835	555,722
Total	$	2,223,326	2,171,448	1,774,077	6,168,851

Product Categories
Ceramic & Stone	$	2,212,854	19,043	—	2,231,897
Carpet & Resilient	10,472		1,705,115	488,828	2,204,415
Laminate & Wood	—		447,290	601,296	1,048,586
Other (1)	—		—	683,953	683,953
Total	$	2,223,326	2,171,448	1,774,077	6,168,851

(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

Revenue from Contracts with Customers - Summary of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 2,950,428	$ 3,153,188	$ 5,756,651	$ 6,168,851
Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	1,155,117	1,163,198	2,213,858	2,231,897
Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	1,036,820	1,112,159	1,878,151	2,204,415
Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	454,306	531,609	1,041,674	1,048,586
Other
Disaggregation of Revenue [Line Items]
Net sales	304,185	346,222	622,968	683,953
United States
Disaggregation of Revenue [Line Items]
Net sales	1,587,398	1,691,121	3,111,081	3,315,018
Europe
Disaggregation of Revenue [Line Items]
Net sales	908,660	1,044,367	1,813,948	2,035,374
Latin America
Disaggregation of Revenue [Line Items]
Net sales	206,965	133,602	358,472	262,737
Other
Disaggregation of Revenue [Line Items]
Net sales	247,405	284,098	473,150	555,722
Global Ceramic
Disaggregation of Revenue [Line Items]
Net sales		1,158,569	2,214,696	2,223,326
Flooring NA
Disaggregation of Revenue [Line Items]
Net sales		1,099,538	1,955,115	2,171,448
Flooring ROW
Disaggregation of Revenue [Line Items]
Net sales		895,081	1,586,840	1,774,077
Operating segments \| Global Ceramic
Disaggregation of Revenue [Line Items]
Net sales	1,155,362	1,158,569	2,214,696	2,223,326
Operating segments \| Global Ceramic \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	1,145,234	1,153,143	2,195,358	2,212,854
Operating segments \| Global Ceramic \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	10,128	5,426	19,338	10,472
Operating segments \| Global Ceramic \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Operating segments \| Global Ceramic \| Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Operating segments \| Global Ceramic \| United States
Disaggregation of Revenue [Line Items]
Net sales	611,602	625,613	1,208,244	1,210,844
Operating segments \| Global Ceramic \| Europe
Disaggregation of Revenue [Line Items]
Net sales	297,301	359,844	570,770	671,598
Operating segments \| Global Ceramic \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	197,990	125,003	342,331	245,255
Operating segments \| Global Ceramic \| Other
Disaggregation of Revenue [Line Items]
Net sales	48,469	48,109	93,351	95,629
Operating segments \| Flooring NA
Disaggregation of Revenue [Line Items]
Net sales	1,001,698	1,099,538	1,955,115	2,171,448
Operating segments \| Flooring NA \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	9,883	10,055	18,500	19,043
Operating segments \| Flooring NA \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	791,269	862,033	1,541,775	1,705,115
Operating segments \| Flooring NA \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	200,546	227,450	394,840	447,290
Operating segments \| Flooring NA \| Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Operating segments \| Flooring NA \| United States
Disaggregation of Revenue [Line Items]
Net sales	973,528	1,061,276	1,899,336	2,097,156
Operating segments \| Flooring NA \| Europe
Disaggregation of Revenue [Line Items]
Net sales	71	1,721	292	3,876
Operating segments \| Flooring NA \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	737	830	1,566	2,158
Operating segments \| Flooring NA \| Other
Disaggregation of Revenue [Line Items]
Net sales	27,362	35,711	53,921	68,258
Operating segments \| Flooring ROW
Disaggregation of Revenue [Line Items]
Net sales	793,368	895,081	1,586,840	1,774,077
Operating segments \| Flooring ROW \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Operating segments \| Flooring ROW \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	235,423	244,700	317,038	488,828
Operating segments \| Flooring ROW \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	253,760	304,159	646,834	601,296
Operating segments \| Flooring ROW \| Other
Disaggregation of Revenue [Line Items]
Net sales	304,185	346,222	622,968	683,953
Operating segments \| Flooring ROW \| United States
Disaggregation of Revenue [Line Items]
Net sales	2,268	4,232	3,501	7,018
Operating segments \| Flooring ROW \| Europe
Disaggregation of Revenue [Line Items]
Net sales	611,288	682,802	1,242,886	1,359,900
Operating segments \| Flooring ROW \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	8,238	7,769	14,575	15,324
Operating segments \| Flooring ROW \| Other
Disaggregation of Revenue [Line Items]
Net sales	$ 171,574	$ 200,278	$ 325,878	$ 391,835

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Outstanding checks in excess of cash	$ 3,986	$ 2,791
Accounts payable, trade	1,184,104	1,094,038
Accrued expenses	645,185	742,099
Product warranties	43,065	38,425
Accrued interest	5,130	8,748
Accrued compensation and benefits	262,337	238,347
Total accounts payable and accrued expenses	$ 2,143,807	$ 2,124,448

Accounts Payable and Accrued Expenses

6 Months Ended

Jul. 01, 2023

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses


	July 1, 2023		December 31, 2022
Outstanding checks in excess of cash	$	3,986	2,791
Accounts payable, trade	1,184,104		1,094,038
Accrued expenses	645,185		742,099
Product warranties	43,065		38,425
Accrued interest	5,130		8,748


Accrued compensation and benefits	262,337		238,347
Total accounts payable and accrued expenses	$	2,143,807	2,124,448

Goodwill and Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	$ 939,293	$ 924,186
Accumulated amortization	(759,607)	(734,566)
Net value	179,686	189,620
Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	683,755	673,586
Accumulated amortization	(513,210)	(493,361)
Net value	170,545	180,225
Patents
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	246,820	242,089
Accumulated amortization	(243,998)	(239,010)
Net value	2,822	3,079
Other
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	8,718	8,511
Accumulated amortization	(2,399)	(2,195)
Net value	$ 6,319	$ 6,316

Segment Reporting

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

Segment Reporting

The Company has three reporting segments: Global Ceramic, Flooring NA and Flooring ROW. Global Ceramic designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone tile and other products including natural stone, porcelain slabs and quartz countertops, which it distributes primarily in North America, Europe, Brazil and Russia through various selling channels, which include company-owned stores, independent distributors and home centers. Flooring NA designs, manufactures, sources and markets its floor covering products, including broadloom carpet, carpet tile, carpet cushion, rugs, laminate, vinyl products, including luxury vinyl tile (“LVT”) and sheet vinyl, and wood flooring, all of which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carriers or rail transportation. The Segment’s product lines are sold through various channels, including independent floor covering retailers, independent distributors, home centers, mass merchandisers, department stores, shop at home, online retailers, buying groups, commercial contractors and commercial end users. Flooring ROW designs, manufactures, sources, licenses and markets laminate, vinyl products, including LVT and sheet vinyl, wood flooring, roofing panels, insulation boards, medium-density fiberboard (“MDF”) and chipboards, which it distributes primarily in Europe, Russia, Australia and New Zealand through various channels, including independent floor covering retailers, independent distributors, company-owned distributors, home centers, commercial contractors and commercial end users.

The accounting policies for each operating segment are consistent with the Company’s policies for the Consolidated Financial Statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income.


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Net sales:
Global Ceramic	$	1,155,362	1,158,569	2,214,696	2,223,326
Flooring NA	1,001,698		1,099,538	1,955,115	2,171,448
Flooring ROW	793,368		895,081	1,586,840	1,774,077

Total	$	2,950,428	3,153,188	5,756,651	6,168,851

Operating income (loss):
Global Ceramic	$	84,034	154,269	147,351	254,607
Flooring NA	37,199		100,030	35,186	195,354
Flooring ROW	86,914		124,107	162,159	258,757
Corporate and intersegment eliminations	(55,101)		(10,479)	(65,860)	(19,990)
Total	$	153,046	367,927	278,836	688,728


	July 1, 2023		December 31, 2022
Assets:
Global Ceramic	$	5,546,167	4,841,310
Flooring NA	4,210,170		4,299,360
Flooring ROW	4,295,257		4,275,519
Corporate and intersegment eliminations	533,569		704,243
Total	$	14,585,163	14,120,432

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
Segment Reporting (Details) $ in Thousands	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)	Jul. 01, 2023 USD ($) segment	Jul. 02, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment			3
Segment Reporting Information [Line Items]
Net sales	$ 2,950,428	$ 3,153,188	$ 5,756,651	$ 6,168,851
Operating (loss) income	153,046	367,927	278,836	688,728
Assets	14,585,163		14,585,163		$ 14,120,432
Global Ceramic
Segment Reporting Information [Line Items]
Net sales		1,158,569	2,214,696	2,223,326
Flooring NA
Segment Reporting Information [Line Items]
Net sales		1,099,538	1,955,115	2,171,448
Flooring ROW
Segment Reporting Information [Line Items]
Net sales		895,081	1,586,840	1,774,077
Operating segments \| Global Ceramic
Segment Reporting Information [Line Items]
Net sales	1,155,362	1,158,569	2,214,696	2,223,326
Operating (loss) income	84,034	154,269	147,351	254,607
Assets	5,546,167		5,546,167		4,841,310
Operating segments \| Flooring NA
Segment Reporting Information [Line Items]
Net sales	1,001,698	1,099,538	1,955,115	2,171,448
Operating (loss) income	37,199	100,030	35,186	195,354
Assets	4,210,170		4,210,170		4,299,360
Operating segments \| Flooring ROW
Segment Reporting Information [Line Items]
Net sales	793,368	895,081	1,586,840	1,774,077
Operating (loss) income	86,914	124,107	162,159	258,757
Assets	4,295,257		4,295,257		4,275,519
Corporate and intersegment eliminations
Segment Reporting Information [Line Items]
Operating (loss) income	(55,101)	$ (10,479)	(65,860)	$ (19,990)
Assets	$ 533,569		$ 533,569		$ 704,243

Restructuring, Acquisition and Integration-Related Costs - Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Restructuring Reserve [Roll Forward]
Beginning balance	$ 8,057		$ 10,037
Restructuring costs	35,182		64,423
Cash payments	(10,646)		(19,709)
Non-cash items	(20,853)		(43,011)
Ending balance	11,740		11,740
Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	29,576	$ 403	58,620	$ 1,301
Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Restructuring costs	5,606	$ 86	5,803	$ 86
Lease impairments
Restructuring Reserve [Roll Forward]
Beginning balance	0		0
Restructuring costs	255		255
Cash payments	0		0
Non-cash items	(255)		(255)
Ending balance	0		0
Lease impairments \| Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	0		0
Lease impairments \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Restructuring costs	255		255
Asset write- downs and gains on disposals
Restructuring Reserve [Roll Forward]
Beginning balance	0		0
Restructuring costs	16,539		37,991
Cash payments	0		0
Non-cash items	(16,539)		(37,991)
Ending balance	0		0
Asset write- downs and gains on disposals \| Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	16,416		37,868
Asset write- downs and gains on disposals \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Restructuring costs	123		123
Severance
Restructuring Reserve [Roll Forward]
Beginning balance	8,057		10,037
Restructuring costs	7,186		7,237
Cash payments	(3,574)		(5,585)
Non-cash items	71		51
Ending balance	11,740		11,740
Severance \| Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	3,014		3,064
Severance \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Restructuring costs	4,172		4,173
Other restructuring costs
Restructuring Reserve [Roll Forward]
Beginning balance	0		0
Restructuring costs	11,202		18,940
Cash payments	(7,072)		(14,124)
Non-cash items	(4,130)		(4,816)
Ending balance	0		0
Other restructuring costs \| Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	10,146		17,688
Other restructuring costs \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Restructuring costs	1,056		1,252
Operating segments \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	8,114		8,114
Operating segments \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	18,489		25,402
Operating segments \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	8,579		30,907
Operating segments \| Lease impairments \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	255		255
Operating segments \| Lease impairments \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	0		0
Operating segments \| Lease impairments \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	0		0
Operating segments \| Asset write- downs and gains on disposals \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	2,133		2,133
Operating segments \| Asset write- downs and gains on disposals \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	6,620		6,106
Operating segments \| Asset write- downs and gains on disposals \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	7,786		29,752
Operating segments \| Severance \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	5,683		5,683
Operating segments \| Severance \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	1,503		1,553
Operating segments \| Severance \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	0		1
Operating segments \| Other restructuring costs \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	43		43
Operating segments \| Other restructuring costs \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	10,366		17,743
Operating segments \| Other restructuring costs \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	$ 793		$ 1,154

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Income Statement [Abstract]
Net sales	$ 2,950,428	$ 3,153,188	$ 5,756,651	$ 6,168,851
Cost of sales	2,218,519	2,279,991	4,381,300	4,493,526
Gross profit	731,909	873,197	1,375,351	1,675,325
Selling, general and administrative expenses	578,863	505,270	1,096,515	986,597
Operating income	153,046	367,927	278,836	688,728
Interest expense	22,857	12,059	39,994	23,540
Other (income) expense, net	2,215	(2,818)	1,649	(380)
Earnings before income taxes	127,974	358,686	237,193	665,568
Income tax expense	26,760	78,176	55,703	139,624
Net earnings including noncontrolling interests	101,214	280,510	181,490	525,944
Less: net earnings (loss) attributable to noncontrolling interests	(3)	79	35	184
Net earnings attributable to Mohawk Industries, Inc.	$ 101,217	$ 280,431	$ 181,455	$ 525,760
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 1.59	$ 4.41	$ 2.85	$ 8.20
Weighted-average common shares outstanding-basic (in shares)	63,680	63,540	63,630	64,116
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 1.58	$ 4.40	$ 2.84	$ 8.17
Weighted-average common shares outstanding-diluted (in shares)	63,900	63,798	63,864	64,374

Acquisitions

6 Months Ended

Jul. 01, 2023

Business Combination and Asset Acquisition [Abstract]

Acquisitions

2023 Acquisitions

During the first quarter of 2023, the Company completed the acquisitions of two ceramic tile businesses in Brazil and Mexico within Global Ceramic for $516,893. The Company’s acquisitions resulted in a goodwill allocation of $84,367. A portion of the goodwill is expected to be deductible for tax purposes. The factors contributing to the recognition of the amount of goodwill are based on several strategic and synergistic benefits that are expected to be realized from the acquisitions. These benefits include opportunities to improve the Company's ceramic performance by leveraging best practices, operational expertise, product innovation and manufacturing assets across the segment. The following table presents the preliminary allocation of the purchase price by major class of assets acquired and liabilities assumed as of the acquisition date.


	Amounts recognized as of the acquisition date
Working capital	$	98,034
Property, plant and equipment	336,360
Tradenames	38,539
Customer relationships	2,010
Goodwill	84,367
Long-term debt, including current portion	(26,072)
Deferred tax, net	(9,084)
	524,154
Less: cash acquired	(7,261)
Net consideration transferred (net of cash acquired)	$	516,893

The purchase price allocation is preliminary until the Company obtains information necessary to finalize its valuation of the fair value of net assets acquired during the measurement period. The supplemental pro forma information is immaterial to the Company's financial statements.

2022 Acquisitions

During the third and fourth quarters of 2022, the Company completed two acquisitions in Flooring North America (“Flooring NA”) for $164,475. The Company’s acquisitions resulted in a goodwill allocation of $60,738 and intangible assets subject to amortization of $19,900. Approximately half of the goodwill is deductible for tax purposes. During the third and fourth quarters of 2022, the Company also completed three acquisitions in Flooring Rest of the World (“Flooring ROW”) for $47,964, which resulted in a goodwill allocation of $14,759 and intangible assets subject to amortization of $3,376. An immaterial amount of goodwill is deductible for tax purposes.

Other (Income) Expense, net (Tables)

6 Months Ended

Jul. 01, 2023

Other Nonoperating Income (Expense) [Abstract]

Schedule Of Other (Income) Expense, Net


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Foreign currency (gains) losses, net	$	6,832	(292)	11,786	444



Release of indemnification asset	—		—	—	7,324

All other, net	(4,617)		(2,526)	(10,137)	(8,148)
Total other (income) expense, net	$	2,215	(2,818)	1,649	(380)

Restructuring, Acquisition and Integration-Related Costs

6 Months Ended

Jul. 01, 2023

Restructuring and Related Activities [Abstract]

Restructuring, Acquisition and Integration-Related Costs

The Company incurs costs in connection with acquiring, integrating and restructuring acquisitions and in connection with its global cost-reduction/productivity initiatives. For example:

•In connection with acquisition activity, the Company typically incurs costs associated with executing the transactions, integrating the acquired operations (which may include expenditures for consulting and the integration of systems and processes), and restructuring the combined company (which may include charges related to employees, assets and activities that will not continue in the combined company); and

•In connection with the Company’s cost-reduction/productivity initiatives, it typically incurs costs and charges associated with site closings and other facility rationalization actions, including accelerated depreciation (“Asset write-downs”) and workforce reductions.

Restructuring, acquisition transaction and integration-related costs consisted of the following during the three and six months ended July 1, 2023 and July 2, 2022:


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Cost of sales
Restructuring costs	$	29,576	403	58,620	1,301

Acquisition integration-related costs	865		309	877	349
Restructuring and acquisition integration-related costs	$	30,441	712	59,497	1,650

Selling, general and administrative expenses
Restructuring costs	$	5,606	86	5,803	86
Acquisition transaction-related costs	929		330	1,304	1,027
Acquisition integration-related costs	4,685		770	7,181	1,054
Restructuring, acquisition transaction and integration-related costs	$	11,220	1,186	14,288	2,167

The restructuring activity for the three months ended July 1, 2023 is as follows:


	Lease impairments		Asset write- downs and gains on disposals	Severance	Other restructuring costs	Total
Balance as of April 1, 2023	$	—	—	8,057		—	8,057
Restructuring costs
Global Ceramic	255		2,133	5,683		43	8,114
Flooring NA	—		6,620	1,503		10,366	18,489
Flooring ROW	—		7,786	—		793	8,579

Total restructuring costs	255		16,539	7,186		11,202	35,182
Cash payments	—		—	(3,574)		(7,072)	(10,646)
Non-cash items	(255)		(16,539)	71		(4,130)	(20,853)
Balances as of July 1, 2023	$	—	—	11,740		—	11,740

Restructuring costs recorded in:
Cost of sales	$	—	16,416	3,014		10,146	29,576
Selling, general and administrative expenses	255		123	4,172		1,056	5,606
Total restructuring costs	$	255	16,539	7,186		11,202	35,182

The restructuring activity for the six months ended July 1, 2023 is as follows:


	Lease impairments		Asset write- downs and gains on disposals	Severance	Other restructuring costs	Total
Balances as of December 31, 2022	$	—	—	10,037	—	10,037
Restructuring costs
Global Ceramic	255		2,133	5,683	43	8,114
Flooring NA	—		6,106	1,553	17,743	25,402
Flooring ROW	—		29,752	1	1,154	30,907

Total restructuring costs	255		37,991	7,237	18,940	64,423
Cash payments	—		—	(5,585)	(14,124)	(19,709)
Non-cash items	(255)		(37,991)	51	(4,816)	(43,011)
Balances as of July 1, 2023	$	—	—	11,740	—	11,740

Restructuring costs recorded in:
Cost of sales	$	—	37,868	3,064	17,688	58,620
Selling, general and administrative expenses	255		123	4,173	1,252	5,803
Total restructuring costs	$	255	37,991	7,237	18,940	64,423

The Company expects the remaining severance and other restructuring costs to be paid over the next 12 months.

General (Policies)	6 Months Ended
General (Policies)	Jul. 01, 2023
Accounting Policies [Abstract]
Interim Reporting	Interim ReportingThe accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto, and the Company’s description of critical accounting policies, included in the Company’s 2022 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Results for interim periods are not necessarily indicative of the results for the year.

Goodwill and Intangible Assets - Schedule of Intangible Assets Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7,053	$ 6,826	$ 14,222	$ 13,999

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jul. 01, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company recognizes compensation expense for all share-based payments granted based on the grant-date fair value estimated in accordance with the provisions of ASC 718-10. Compensation expense is recognized on a straight-line basis over the awards’ estimated lives for fixed awards with ratable vesting provisions. The Company granted 30 restricted stock units (“RSUs”) at a weighted average grant-date fair value of $94.86 per unit for the three months ended July 1, 2023. The Company granted 261 restricted stock units (“RSUs”) at a weighted average grant-date fair value of $102.09 per unit for the six months ended July 1, 2023. The Company granted no RSUs for the three months ended July 2, 2022. The Company granted 189 RSUs at a weighted average grant-date fair value of $137.99 per unit for the six months ended July 2, 2022. The Company recognized stock-based compensation expense related to the issuance of RSUs of $5,351 ($3,959 net of taxes) and $5,655 ($4,184 net of taxes) for the three months ended July 1, 2023 and July 2, 2022, respectively, which has been allocated to cost of sales and selling, general and administrative expenses. The Company recognized stock-based compensation costs related to the issuance of RSUs of $10,383 ($7,684 net of taxes) and $11,309 ($8,369 net of taxes) for the six months ended July 1, 2023 and July 2, 2022, respectively, which has been allocated to cost of sales and selling, general and administrative expenses. Pre-tax unrecognized compensation expense for unvested RSUs granted to employees, net of estimated forfeitures, was $29,024 as of July 1, 2023, and will be recognized as expense over a weighted-average period of approximately 1.93 years.

Inventories

6 Months Ended

Jul. 01, 2023

Inventory Disclosure [Abstract]

Inventories


	July 1, 2023		December 31, 2022
Finished goods	$	1,837,940	1,986,005
Work in process	160,488		160,757
Raw materials	620,283		647,003
Total inventories	$	2,618,711	2,793,765

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jul. 01, 2023	Dec. 31, 2022
Stockholders’ equity:
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	60,000	60,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	71,018,000	70,875,000
Common stock, shares outstanding (in shares)	71,018,000	70,875,000
Treasury stock, shares (in shares)	7,338,000	7,341,000

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time in the regular course of its business, the Company is involved in various lawsuits, claims, investigations and other legal matters. Except as noted below, there are no material legal proceedings pending or known by the Company to be contemplated to which the Company is a party or to which any of its property is subject. Perfluorinated Compounds (“PFCs”) Litigation In September 2016, the Water Works and Sewer Board of the City of Gadsden, Alabama (the “Gadsden Water Board”) filed an individual complaint in the Circuit Court of Etowah County, Alabama against certain manufacturers, suppliers, and users of chemicals containing specific PFCs, including the Company. In May 2017, the Water Works and Sewer Board of the Town of Centre, Alabama (the “Centre Water Board”) filed a similar complaint in the Circuit Court of Cherokee County, Alabama. The Gadsden Water Board and the Centre Water Board both sought monetary damages and injunctive relief claiming that their water supplies contain excessive amounts of PFCs. On October 14, 2022, the Gadsden Water Board settled its claims against Mohawk Industries, Inc. and Mohawk Carpet, LLC. On March 21, 2023, the Centre Water Board settled its claims against Mohawk Industries, Inc., Mohawk Carpet, LLC, and Aladdin Manufacturing Corporation. In April 2023, Shelby County, Alabama and Talladega County, Alabama filed a complaint in the Circuit Court of Talladega County, Alabama against Aladdin Manufacturing Corporation, Aladdin Manufacturing Corporation of Alabama, LLC, Mohawk Carpet, LLC, and Mohawk Industries, Inc., among other defendants, that contains allegations substantially similar to those that were made by the Gadsden Water Board and Centre Water Board. The defendants removed this case to federal court on May 12, 2023, and the case remains pending. In December 2019, the City of Rome, Georgia (“Rome”) filed a complaint in the Superior Court of Floyd County, Georgia that is similar to the Gadsden Water Board and Centre Water Board complaints, again seeking monetary damages and injunctive relief related to PFCs. On May 31, 2023, Rome settled its claims against Mohawk Industries, Inc., Mohawk Carpet, LLC, and Aladdin Manufacturing Corporation. Also in December 2019, Jarrod Johnson filed a putative class action in the Superior Court of Floyd County, Georgia purporting to represent all water subscribers with the Rome (Georgia) Water and Sewer Division and/or the Floyd County (Georgia) Water Department and seeking to recover, among other things, damages in the form of alleged increased rates and surcharges incurred by ratepayers for the costs associated with eliminating certain PFCs from their drinking water. In January 2020, defendant 3M Company removed the class action to federal court. The Company filed motions to dismiss in both of these cases. On December 17, 2020, the Superior Court of Floyd County denied the Company’s motion to dismiss in the Rome case. On September 20, 2021, the Northern District of Georgia denied the Company’s motion to dismiss in the class action. The Company denies all liability in these matters and intends to defend all pending matters vigorously. Putative Securities Class Action On January 3, 2020, the Company and certain of its executive officers were named as defendants in a putative shareholder class action lawsuit filed in the United States District Court for the Northern District of Georgia (the “Securities Class Action”). The complaint alleged that defendants violated the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making materially false and misleading statements and that the officers are control persons under Section 20(a) of the Securities Exchange Act of 1934. The complaint was filed on behalf of shareholders who purchased shares of the Company’s common stock between April 28, 2017 and July 25, 2019 (“Class Period”). On June 29, 2020, an amended complaint was filed in the Securities Class Action against Mohawk and its CEO Jeff Lorberbaum, based on the same claims and the same Class Period. The amended complaint alleges that the Company (1) engaged in fabricating revenues by attempting delivery to customers that were closed and recognizing these attempts as sales; (2) overproduced product to report higher operating margins and maintained significant inventory that was not salable; and (3) valued certain inventory improperly or improperly delivered inventory with knowledge that it was defective and customers would return it. On October 27, 2020, defendants filed a motion to dismiss the amended complaint. On September 29, 2021, the court issued an order granting in part and denying the defendants’ motion to dismiss the amended complaint. Defendants filed an answer to the amended complaint on November 12, 2021, and fact discovery commenced. On January 26, 2022, Lead Plaintiff moved for class certification, to appoint itself as class representative, and for appointment of class counsel. The court granted plaintiff’s motion for class certification on November 28, 2022. On December 13, 2022, the parties reached an agreement in principle to settle the Securities Class Action for $60,000, of which a significant portion is covered by insurance, in exchange for the dismissal and a release of all claims against the defendants (the “Agreement”). The Agreement, which is subject to court approval, is without admission of fault or wrongdoing by defendants. On February 6, 2023, the court issued an order granting Lead Plaintiff’s motion to preliminarily approve the settlement and setting May 31, 2023 as the date of the final settlement hearing. Following the final settlement hearing, the court entered final approval of the settlement and closed the case on June 1, 2023. The Company continues to believe the allegations in the Securities Class Action are without merit. Government Subpoenas As previously disclosed, on June 25, 2020, the Company received subpoenas issued by the U.S. Attorney’s Office for the Northern District of Georgia (the “USAO”) and the U.S. Securities and Exchange Commission (the “SEC”) relating to matters similar to the allegations of wrongdoing raised by the Securities Class Action. The Company’s Audit Committee, with the assistance of outside legal counsel, conducted a thorough internal investigation into these allegations. In October 2020, the Audit Committee completed the investigation and concluded that the allegations of wrongdoing are without merit. The Company has cooperated fully with the USAO and SEC. The Company continues to believe the allegations are without merit. Delaware State Court Action The Company and certain of its present and former executive officers were named as defendants in a putative state securities class action lawsuit filed in the Superior Court of the State of Delaware on January 30, 2020. The complaint alleged that defendants violated Sections 11 and 12 of the Securities Act of 1933. The complaint was filed on behalf of shareholders who purchased shares of the Company’s common stock in Mohawk Industries Retirement Plan 1 and Mohawk Industries Retirement Plan 2 between April 27, 2017 and July 25, 2019. On March 27, 2020, the court granted a temporary stay of the litigation. The stay may be lifted according to the terms set forth in the court’s order to stay litigation. The parties reached an agreement in principle to settle the lawsuit in exchange for the dismissal and a release of all claims against the defendants (the “Settlement Agreement”). The Settlement Agreement, which is subject to court approval, is without admission of fault or wrongdoing by defendants. The Company believes the allegations in the lawsuit are without merit. Georgia State Court Investor Actions The Company and certain of its present and former executive officers were named as defendants in certain investor actions, filed in the State Court of Fulton County of the State of Georgia on April 22, 2021, April 23, 2021, and May 11, 2022. Five complaints brought on behalf of purported former Mohawk stockholders each allege that defendants defrauded the respective plaintiffs through false or misleading statements and thereby induced plaintiffs to purchase Company stock at artificially inflated prices. The allegations are similar to those of the Securities Class Action. The claims alleged include fraud, negligent misrepresentation, violations of the Georgia Securities Act, and violations of the Georgia Racketeering and Corrupt Organizations statute. Plaintiffs in the investor actions seek compensatory and punitive damages. On June 28, 2021, defendants filed motions to dismiss each of the four complaints filed in April 2021 and answers to the same. On October 5, 2021, all four investor actions filed in April 2021 were transferred by the State Court of Fulton County to the Metro Atlanta Business Case Division, where fact discovery is ongoing. On January 28, 2022, the Court granted in part and denied in part the motions to dismiss the four actions filed in April 2021, dismissing the Georgia Securities Act claims as to all defendants, and the negligent misrepresentation claim as to the Company. On May 19, 2022, the parties in the last-filed action filed a joint motion to transfer the investor action initiated on May 11, 2022 to the Metro Atlanta Business Case Division where the other four actions were and are pending. On August 2, 2022, this motion was granted and the last-filed investor action initiated on May 11, 2022 was transferred to the Metro Atlanta Business Case Division. On September 1, 2022, defendants in the last-filed investor action filed motions to dismiss the complaint filed on May 2022 and answers to the same. On November 16, 2022, plaintiffs in the last-filed investor action voluntarily dismissed the suit. The Company intends to vigorously defend against the claims in these actions. Federal Investor Actions The Company and certain of its present and former executive officers were named as defendants in three additional non-class action lawsuits filed in the United States District Court for the Northern District of Georgia on June 22, 2021, March 25, 2022, and April 26, 2022 (collectively, “Federal Investor Actions”), respectively. Each complaint is brought on behalf of one or more purported former Mohawk stockholders and alleges that defendants defrauded the plaintiffs through false or misleading statements and thereby induced plaintiffs to purchase Company stock at artificially inflated prices. The allegations are similar to those of the Securities Class Action. The federal law claims alleged include violations of Sections 10(b) and 18 of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making materially false and misleading statements and that the officers are control persons under Section 20(a) of the Securities Exchange Act of 1934. The state law claims alleged include fraud, negligent misrepresentation, violations of the Georgia Securities Act, and violations of the Georgia Racketeering and Corrupt Organizations statute. Plaintiffs in the lawsuits seek compensatory and punitive damages and attorneys’ fees. On December 13, 2021, defendants filed motions to dismiss the June 22, 2021 complaint. On July 6, 2022, defendants filed motions to dismiss the March 25, 2022 complaint. On July 27, 2022, defendants filed motions to dismiss the April 26, 2022 complaint. On August 9, 2022, defendants filed a motion to consolidate all three Federal Investor Actions for pre-trial purposes. On March 31, 2023, the court issued orders in each of the Federal Investor Actions granting in part and denying in part defendants’ motions to dismiss the three Federal Investor Actions, and granting defendants’ motion to consolidate the three Federal Investor Actions for pre-trial purposes. Defendants filed answers to each of the three complaints on April 14, 2023, and fact discovery is ongoing. The Company intends to vigorously defend against the claims asserted in the Federal Investor Actions. Derivative Actions The Company and certain of its executive officers and directors were named as defendants in certain derivative actions filed in the United States District Court for the Northern District of Georgia on May 18, 2020 and August 6, 2020, respectively (the “NDGA Derivative Actions”), in the Superior Court of Gordon County of the State of Georgia on March 3, 2021 and July 12, 2021 (the “Georgia Derivative Actions”), and in the Delaware Court of Chancery on March 10, 2022 (the “Delaware Derivative Action”). The complaints allege that defendants breached their fiduciary duties to the Company by causing the Company to issue materially false and misleading statements. The complaints are filed on behalf of the Company and seek to remedy fiduciary duty breaches occurring from April 28, 2017 to July 25, 2019. On July 20, 2020, the court in the NDGA Derivative Actions granted a temporary stay of the litigation. On October 21, 2020, the court entered an order consolidating the NDGA Derivative Actions and appointing Lead Counsel. Other shareholders of record jointly moved to intervene in the derivative actions to stay the proceedings. On September 28, 2021, the court in the NDGA Derivative Actions issued an order granting the request to intervene. On April 8, 2021, the court in the first-filed of the Georgia Derivative Actions granted a temporary stay of the litigation. On January 18, 2022, the Court in the NDGA Derivative Actions lifted the temporary stay of the litigation. On January 20, 2022, the court in the second-filed of the Georgia Derivative Actions entered an order on scheduling requiring defendants to file and serve their response to the complaint on February 21, 2022. On February 28, 2022, the court granted a stay of the Georgia Derivative Actions until the entry of a final judgment in the NDGA Derivative Actions and stipulating that the prevailing party in the NDGA Derivative Actions would be the prevailing party in the Georgia Derivative Actions. On April 6, 2022, the court granted a stay of the Delaware Derivative Action until the entry of a final judgment in the NDGA Derivative Actions and stipulating that the prevailing party in the NDGA Derivative Actions would be the prevailing party in the Delaware Derivative Action. On March 22, 2023, the temporary stay of the NDGA Derivative Actions expired, and fact discovery is ongoing. The Company intends to vigorously defend against the claims. General The Company believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable losses that are reasonably estimable. These contingencies are subject to significant uncertainties and the Company is unable to estimate the amount or range of loss, if any, in excess of amounts accrued. The Company does not believe that the ultimate outcome of these actions will have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year. The Company is subject to various federal, state, local and foreign environmental health and safety laws and regulations, including those governing air emissions, wastewater discharges, the use, storage, treatment, recycling and disposal of solid and hazardous materials and finished product, and the cleanup of contamination associated therewith. Because of the nature of the Company’s business, the Company has incurred, and will continue to incur, costs relating to compliance with such laws and regulations. The Company is involved in various proceedings relating to environmental matters and is currently engaged in environmental investigation, remediation and post-closure care programs at certain sites. The Company has provided accruals for such activities that it has determined to be both probable and reasonably estimable. The Company does not expect that the ultimate liability with respect to such activities will have a material adverse effect on its financial condition but acknowledges that it could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year.

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Net cash paid during the periods for:
Interest	$ 54,212	$ 34,059
Income taxes	85,713	154,386
Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	107,686	79,674
ROU assets obtained in exchange for lease obligations:
Operating leases	73,131	67,176
Finance leases	$ 20,523	$ 7,925

Debt (Tables)

6 Months Ended

Jul. 01, 2023

Debt Disclosure [Abstract]

Schedule of carrying values and estimated fair values of debt instruments

The fair values and carrying values of the Company’s debt instruments are detailed as follows:


	July 1, 2023			December 31, 2022
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	505,075	545,673	482,139	535,103
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	450,605		500,000	431,605	500,000





U.S. commercial paper	616,063		616,063	785,998	785,998
European commercial paper	398,887		398,887	42,808	42,808
Senior credit facility, payable August 12, 2027	8,185		8,185	—	—
U.S. Term Loan Facility	675,000		675,000	675,000	675,000
European Term Loan Facility	240,096		240,096	235,445	235,445
Finance leases and other	73,999		73,999	52,050	52,050
Unamortized debt issuance costs	(6,544)		(6,544)	(7,270)	(7,270)
Total debt	2,961,366		3,051,359	2,697,775	2,819,134
Less current portion of long term-debt and commercial paper	1,038,032		1,038,032	840,571	840,571
Long-term debt, less current portion	$	1,923,334	2,013,327	1,857,204	1,978,563

Fair Value

6 Months Ended

Jul. 01, 2023

Fair Value Disclosures [Abstract]

Fair Value

The Company’s wholly-owned captive insurance company may invest in the Company’s commercial paper. These short-term commercial paper investments are classified as trading securities and carried at fair value based upon the Level 2 fair value hierarchy.

Items Measured at Fair Value


	July 1, 2023		December 31, 2022


Short-term investments:

Commercial paper (Level 2)	$	—	158,000

The fair values and carrying values of the Company’s debt are disclosed in Note 18, Debt.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes	6 Months Ended
Income Taxes	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the three months ended July 1, 2023, the Company recorded income tax expense of $26,760 on earnings before income taxes of $127,974 for an effective tax rate of 20.9%. For the three months ended July 2, 2022, the Company recorded income tax expense of $78,176 on earnings before income taxes of $358,686, for an effective tax rate of 21.8%. The decrease in the effective tax rate was primarily driven by lower earnings before income taxes and the Company’s geographic dispersion of profits and losses for the respective periods, partially offset by an increase in unrecognized tax benefits in the three months ended July 1, 2023.For the six months ended July 1, 2023, the Company recorded income tax expense of $55,703 on earnings before income taxes of $237,193 for an effective tax rate of 23.5%, as compared to income tax expense of $139,624 on earnings before income taxes of $665,568, for an effective tax rate of 21.0% for the six months ended July 2, 2022. The increase in the effective tax rate was primarily driven by an increase in unrecognized tax benefits in the six months ended July 1, 2023, and an Italian benefit associated with the release of an uncertain tax liability in the six months ended July 2, 2022, partially offset by lower earnings before income taxes and the Company’s geographic dispersion of profits and losses for the respective periods.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Supplemental Cash Flow Information

6 Months Ended

Jul. 01, 2023

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information


	Six Months Ended
	July 1, 2023		July 2, 2022
Net cash paid during the periods for:
Interest	$	54,212	34,059
Income taxes	$	85,713	154,386

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	107,686	79,674








ROU assets obtained in exchange for lease obligations:
Operating leases	$	73,131	67,176
Finance leases	$	20,523	7,925

Earnings Per Share

6 Months Ended

Jul. 01, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per common share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per common share assumes the exercise of outstanding stock options and the vesting of RSUs using the treasury stock method when the effects of such assumptions are dilutive. A reconciliation of net earnings attributable to Mohawk Industries, Inc. and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows:


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Net earnings attributable to Mohawk Industries, Inc.	$	101,217	280,431	181,455	525,760



Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63,680		63,540	63,630	64,116
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net	220		258	234	258
Weighted-average common shares outstanding-diluted	63,900		63,798	63,864	64,374

Earnings per share attributable to Mohawk Industries, Inc.
Basic	$	1.59	4.41	2.85	8.20
Diluted	$	1.58	4.40	2.84	8.17

Earnings Per Share (Tables)

6 Months Ended

Jul. 01, 2023

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share

A reconciliation of net earnings attributable to Mohawk Industries, Inc. and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows:


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Net earnings attributable to Mohawk Industries, Inc.	$	101,217	280,431	181,455	525,760



Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63,680		63,540	63,630	64,116
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net	220		258	234	258
Weighted-average common shares outstanding-diluted	63,900		63,798	63,864	64,374

Earnings per share attributable to Mohawk Industries, Inc.
Basic	$	1.59	4.41	2.85	8.20
Diluted	$	1.58	4.40	2.84	8.17

Inventories (Tables)

6 Months Ended

Jul. 01, 2023

Inventory Disclosure [Abstract]

Schedule Of Net Components Of Inventories


	July 1, 2023		December 31, 2022
Finished goods	$	1,837,940	1,986,005
Work in process	160,488		160,757
Raw materials	620,283		647,003
Total inventories	$	2,618,711	2,793,765

Stockholders' Equity (Tables)

6 Months Ended

Jul. 01, 2023

Equity [Abstract]

Schedule Of Changes In Stockholders' Equity

The following tables reflect the changes in stockholders’ equity for the three months ended July 1, 2023 and July 2, 2022 (in thousands).


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount















Balance as of April 1, 2023		71,017	$710	$1,931,987	$7,489,998	($1,107,825)	(7,338)	($215,397)	$6,233	$8,105,706
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		1	—	(17)	—	—	—	—	—	(17)
Stock-based compensation expense		—	—	5,350	—	—	—	—	—	5,350




Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	(3)	(3)
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(316)	(316)


Currency translation adjustment		—	—	—	—	95	—	—	—	95
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	(12)	—	—	—	(12)

Net earnings		—	—	—	101,217	—	—	—	—	101,217
Balances as of July 1, 2023		71,018	$710	$1,937,320	$7,591,215	($1,107,742)	(7,338)	($215,397)	$5,914	$8,212,020


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount















Balances as of April 2, 2022		70,880	$709	$1,913,518	$7,630,837	($1,048,599)	(7,341)	($215,495)	$6,633	$8,287,603
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		2	—	(2)	—	—	—	4	—	2
Stock-based compensation expense		—	—	5,654	—	—	—	—	—	5,654

Repurchases of common stock		(4)	—	—	(611)	—	—	—	—	(611)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	79	79
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	535	535
Purchase of noncontrolling interest, net of taxes		—	—	572	—	—	—	—	(927)	(355)

Currency translation adjustment		—	—	—	—	33,530	—	—	—	33,530
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	70	—	—	—	70

Net earnings		—	—	—	280,431	—	—	—	—	280,431
Balances as of July 2, 2022		70,878	$709	$1,919,742	$7,910,657	($1,014,999)	(7,341)	($215,491)	$6,320	$8,606,938

The following tables reflect the changes in stockholders’ equity for the six months ended July 1, 2023 and July 2, 2022 (in thousands).


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount

Balances as of December 31, 2022		70,875	$709	$1,930,789	$7,409,760	($1,114,258)	(7,341)	($215,491)	$6,405	$8,017,914
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		143	1	(3,905)	—	—	3	94	—	(3,810)
Stock-based compensation expense		—	—	10,383	—	—	—	—	—	10,383




Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	35	35
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(373)	(373)
Purchase of noncontrolling interest, net of taxes		—	—	53	—	—	—	—	(153)	(100)

Currency translation adjustment		—	—	—	—	7,024	—	—	—	7,024
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	(508)	—	—	—	(508)

Net earnings		—	—	—	181,455	—	—	—	—	181,455
Balances as of July 1, 2023		71,018	$710	$1,937,320	$7,591,215	($1,107,742)	(7,338)	($215,397)	$5,914	$8,212,020


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount

Balances as of December 31, 2021		72,952	$729	$1,911,131	$7,692,064	($966,952)	(7,343)	($215,547)	$6,791	$8,428,216
Shares issued under employee and director stock plans		107	1	(3,270)	—	—	2	56	—	(3,213)
Stock-based compensation expense		—	—	11,309	—	—	—	—	—	11,309

Repurchases of common stock		(2,181)	(21)	—	(307,167)	—	—	—	—	(307,188)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	184	184
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	272	272
Purchase of noncontrolling interest, net of taxes		—	—	572	—	—	—	—	(927)	(355)

Currency translation adjustment		—	—		—	(48,654)	—	—	—	(48,654)
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	607	—	—	—	607

Net earnings		—	—	—	525,760	—	—	—	—	525,760
Balances as of July 2, 2022		70,878	$709	$1,919,742	$7,910,657	($1,014,999)	(7,341)	($215,491)	$6,320	$8,606,938

Acquisitions - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
Acquisitions - Narrative (Details) $ in Thousands	Apr. 01, 2023 USD ($) acquisition	Dec. 31, 2022 USD ($) acquisition	Jul. 01, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 1,927,759	$ 2,031,034
2023 Acquisitions
Business Acquisition [Line Items]
Net consideration transferred (net of cash acquired)			$ 516,893
Global Ceramic \| 2023 Acquisitions
Business Acquisition [Line Items]
Number of acquisitions \| acquisition	2
Net consideration transferred (net of cash acquired)	$ 516,893
Flooring North America Segment \| 2022 Acquisitions
Business Acquisition [Line Items]
Number of acquisitions \| acquisition		2
Purchase agreement price		$ 164,475
Goodwill		60,738
Intangible assets subject to amortization		$ 19,900
Flooring ROW
Business Acquisition [Line Items]
Number of acquisitions \| acquisition		3
Flooring ROW \| 2022 Acquisitions
Business Acquisition [Line Items]
Purchase agreement price		$ 47,964
Goodwill		14,759
Intangible assets subject to amortization		$ 3,376
Elizabeth Revestlmentos Segment \| 2023 Acquisitions
Business Acquisition [Line Items]
Goodwill	$ 84,367

Other (Income) Expense, net

6 Months Ended

Jul. 01, 2023

Other Nonoperating Income (Expense) [Abstract]

Other (Income) Expense, net


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Foreign currency (gains) losses, net	$	6,832	(292)	11,786	444



Release of indemnification asset	—		—	—	7,324

All other, net	(4,617)		(2,526)	(10,137)	(8,148)
Total other (income) expense, net	$	2,215	(2,818)	1,649	(380)

Debt - Term Loan (Details) - Secured debt				6 Months Ended	12 Months Ended
Debt - Term Loan (Details) - Secured debt	Dec. 06, 2022 EUR (€)	Oct. 31, 2022 USD ($)	Aug. 12, 2022 USD ($)	Jul. 01, 2023	Dec. 31, 2022 USD ($)	Oct. 03, 2022 USD ($)	Aug. 12, 2022 EUR (€)
Term Loan One
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 575,000,000
Line of credit facility, maximum amount outstanding during period		$ 675,000,000
Payments of financing costs					$ 664,000
Term Loan Two
Debt Instrument [Line Items]
Maximum borrowing capacity \| €							€ 220,000,000
Line of credit facility, maximum amount outstanding during period \| €	€ 220,000,000
Term loan
Debt Instrument [Line Items]
Additional borrowing capacity						$ 100,000,000
Consolidated interest coverage ratio			3.5				3.5
Term loan \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			0.10%
Term loan \| Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			0.50%
Term loan \| Monthly SOFR
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			1.00%
Term loan \| Minimum \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			0.825%	0.90%
Term loan \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			0.00%	0.00%
Term loan \| Minimum \| Euro Interbank Offered Rate (EURIBOR)
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			0.825%
Term loan \| Maximum \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			1.50%
Term loan \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			0.50%
Term loan \| Maximum \| Euro Interbank Offered Rate (EURIBOR)
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)			1.50%

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 26,760	$ 78,176	$ 55,703	$ 139,624
Earnings (loss) before income taxes	$ 127,974	$ 358,686	$ 237,193	$ 665,568
Effective tax rate	20.90%	21.80%	23.50%	21.00%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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Receivables, net (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Receivables [Abstract]
Customers, trade	$ 1,970,737	$ 1,699,130
Income tax receivable	24,693	60,080
Other	168,920	219,355
Less: allowance for discounts, claims and doubtful accounts	77,279	73,779
Receivables, net	$ 2,087,071	$ 1,904,786

Revenue from Contracts with Customers - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract liability	$ 70,931,000		$ 70,931,000		$ 72,572,000
Revenue recognized related to contract liabilities	0	$ 0	0	$ 0
Capitalized contract cost	$ 69,201,000		69,201,000		$ 59,015,000
Amortization of capitalized contract costs			$ 27,479,000	$ 24,876,000

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Earnings Per Share [Abstract]
Net earnings attributable to Mohawk Industries, Inc.	$ 101,217	$ 280,431	$ 181,455	$ 525,760
Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding-basic (in shares)	63,680	63,540	63,630	64,116
Add weighted-average dilutive potential common shares-options to purchase common shares and RSUs, net (in shares)	220	258	234	258
Weighted-average common shares outstanding-diluted (in shares)	63,900	63,798	63,864	64,374
Earnings per share attributable to Mohawk Industries, Inc.
Basic (in usd per share)	$ 1.59	$ 4.41	$ 2.85	$ 8.20
Diluted (in usd per share)	$ 1.58	$ 4.40	$ 2.84	$ 8.17

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The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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-Paragraph 31
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+ Details

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jul. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Goodwill

Goodwill:


	Global Ceramic		Flooring NA	Flooring ROW	Total



Balance as of December 31, 2022 (1)	$	339,834	591,985	995,940	1,927,759
Goodwill adjustments related to acquisitions	—		(1,145)	3,217	2,072
Goodwill recognized during the period	84,367		—	—	84,367

Currency translation during the period	1,228		—	15,608	16,836




Balance as of July 1, 2023(1)	$	425,429	590,840	1,014,765	2,031,034

(1) Net of accumulated impairment losses of $2,015,939 ($1,220,444 in Global Ceramic, $343,054 in Flooring NA and $452,441 in Flooring ROW).

Schedule Of Indefinite Life Assets Not Subject To Amortization

Intangible assets not subject to amortization:


	Tradenames
Balance as of December 31, 2022	$	668,328
Intangible assets acquired during the period	38,539

Currency translation during the period	1,376
Balance as of July 1, 2023	$	708,243

Schedule Of Intangible Assets Subject To Amortization

Intangible assets subject to amortization:


	Customer relationships		Patents	Other	Total




Balance as of December 31, 2022
Gross carrying amount	$	673,586	242,089	8,511	924,186
Accumulated amortization	(493,361)		(239,010)	(2,195)	(734,566)
Net intangible assets subject to amortization	180,225		3,079	6,316	189,620
Balance as of July 1, 2023
Gross carrying amount	683,755		246,820	8,718	939,293
Accumulated amortization	(513,210)		(243,998)	(2,399)	(759,607)
Net intangible assets subject to amortization	$	170,545	2,822	6,319	179,686

Schedule Of Intangible Assets Amortization Expense


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Amortization expense	$	7,053	6,826	14,222	13,999

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Debt - Senior Notes (Details)	Jun. 12, 2020 USD ($)	May 14, 2020 USD ($)	Jan. 31, 2013 USD ($)	Nov. 01, 2022	Jun. 12, 2020 EUR (€)
1.750% Senior Notes Due June 12, 2027
Debt Instrument [Line Items]
Aggregate principal amount of debts \| €					€ 500,000,000
Interest rate (as a percent)					1.75%
Payment of financing costs	$ 4,400,000
3.625% Senior Notes Due May 15, 2030
Debt Instrument [Line Items]
Aggregate principal amount of debts		$ 500,000,000
Interest rate (as a percent)		3.625%
Payment of financing costs		$ 5,476,000
3.85% Senior Notes Due February 1, 2023
Debt Instrument [Line Items]
Aggregate principal amount of debts			$ 600,000,000
Interest rate (as a percent)			3.85%	3.85%
Payment of financing costs			$ 6,000,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Debt

6 Months Ended

Jul. 01, 2023

Debt Disclosure [Abstract]

Debt

Senior Credit Facility

On August 12, 2022, the Company entered into a fourth amendment (the “Amendment”) to its existing senior revolving credit facility (the “Senior Credit Facility”). The Amendment, among other things, (i) extended the maturity of the Senior Credit Facility from October 18, 2024 to August 12, 2027, (ii) renewed the Company’s option to extend the maturity of the Senior Credit Facility up to two times for an additional one-year period each, (iii) increased the Consolidated Interest Coverage Ratio financial maintenance covenant from 3.00:1.00 to 3.50:1.00, (iv) eliminated certain covenants applicable to the Company and its subsidiaries, including, but not limited to, restrictions on dispositions, restricted payments, and transactions with affiliates, and the Consolidated Net Leverage Ratio financial covenant, and (v) increased the amount available under the Senior Credit Facility to $1,950,000 until October 18, 2024, after which the amount available under the Senior Credit Facility will decrease to $1,485,000. The Amendment also permits the Company to increase the commitments under the Senior Credit Facility by an aggregate amount not to exceed $600,000.

At the Company’s election, U.S.-dollar denominated revolving loans under the Senior Credit Facility bear interest at annual rates equal to either (a) SOFR (plus a 0.10% SOFR adjustment) for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 1.00% and 1.75% (1.13% as of July 1, 2023), or (b) the Base Rate (defined as the higher of the Wells Fargo Bank, National Association prime rate, the Federal Funds Effective Rate plus 0.5%, or SOFR (plus a 0.10% SOFR adjustment) for a 1 month period rate plus 1.0%), plus an applicable margin ranging between 0.00% and 0.75% (0.13% as of July 1, 2023). At the Company’s election, revolving loans under the Senior Credit Facility denominated in Canadian dollars, Australian dollars, Hong Kong dollars or euros bear interest at annual rates equal to either (a) the applicable benchmark for such currency plus an applicable margin ranging between 1.00% and 1.75% (1.13% as of July 1, 2023), or (b) the Base Rate plus an applicable margin ranging between 0.00% and 0.75% (0.13% as of July 1, 2023). The Company also pays a commitment fee to the lenders under the Senior Credit Facility on the average amount by which the aggregate commitments of the lenders exceed utilization of the Senior Credit Facility ranging from 0.09% to 0.20% per annum (0.11% as of July 1, 2023). The applicable margins and the commitment fee are determined based on whichever of the Company’s Consolidated Net Leverage Ratio or its senior unsecured debt rating (or if not available, corporate family rating) results in the lower applicable margins and commitment fee (with applicable margins and the commitment fee increasing as that ratio increases or those ratings decline, as applicable). On October 28, 2021, the Company amended the Senior Credit Facility to replace LIBOR for euros with the EURIBOR benchmark rate.

The obligations of the Company and its subsidiaries in respect of the Senior Credit Facility are unsecured.

The Senior Credit Facility includes certain affirmative and negative covenants that impose restrictions on the Company’s financial and business operations, including limitations on liens, subsidiary indebtedness, fundamental changes, future negative pledges, and changes in the nature of the Company’s business. The limitations contain customary exceptions or, in certain cases, do not apply as long as the Company is in compliance with the financial ratio requirement and is not otherwise in default. As described above, the Consolidated Net Leverage Ratio financial covenant was eliminated on August 12, 2022.

The Senior Credit Facility also contains customary representations and warranties and events of default, subject to customary grace periods.

In 2022, the Company paid financing costs of $1,879 in connection with the Amendment of its Senior Credit Facility. These costs were deferred and, along with previously unamortized costs of $2,663, are being amortized over the term of the Senior Credit Facility.

As of July 1, 2023, amounts utilized under the Senior Credit Facility included $8,185 borrowings and $19,465 of standby letters of credit related to various insurance contracts and foreign vendor commitments. Any outstanding borrowings under the Company’s U.S. and European commercial paper programs reduce the availability of the Senior Credit Facility. Including commercial paper borrowings, the Company has utilized $1,042,600 under the Senior Credit Facility, resulting in a total of $907,400 available as of July 1, 2023.

Commercial Paper

On February 28, 2014 and July 31, 2015, the Company established programs for the issuance of unsecured commercial paper in the United States and Eurozone capital markets, respectively. Commercial paper issued under the U.S. and European programs will have maturities ranging up to 397 and 183 days, respectively. None of the commercial paper notes may be voluntarily prepaid or redeemed by the Company and rank pari passu with the Company’s other unsecured and unsubordinated indebtedness. To the extent that the Company issues European commercial paper notes through a subsidiary of the Company, the notes will be fully and unconditionally guaranteed by the Company.

The Company uses its Senior Credit Facility as a liquidity backstop for its commercial paper programs. Accordingly, the total amount outstanding under the Company’s commercial paper programs may not exceed $1,950,000 (less any amounts drawn on the Senior Credit Facility) at any time.

The proceeds from the issuance of commercial paper notes will be available for general corporate purposes. As of July 1, 2023, there was $616,063 outstanding under the U.S. commercial paper program, and the euro equivalent of $398,887 under the European program. The weighted-average interest rate and maturity period for the U.S. program were 5.49% and 58.9 days, respectively. The weighted-average interest rate and maturity period for the European program were 3.64% and 16.0 days, respectively.

Senior Notes

On June 12, 2020, Mohawk Capital Finance S.A. (“Mohawk Finance”), an indirect wholly-owned finance subsidiary of the Company, completed the issuance and sale of €500,000 aggregate principal amount of 1.750% Senior Notes (“1.750% Senior Notes”) due June 12, 2027. The 1.750% Senior Notes are senior unsecured obligations of Mohawk Finance and rank pari passu with Mohawk Finance’s other existing and future senior unsecured indebtedness. The 1.750% Senior Notes are fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. Interest on the 1.750% Senior Notes is payable annually in cash on June 12 of each year, commencing on June 12, 2021. The Company paid financing costs of $4,400 in connection with the 1.750% Senior Notes. These costs were deferred and are being amortized over the term of the 1.750% Senior Notes.

On May 14, 2020, the Company completed the issuance and sale of $500,000 aggregate principal amount of 3.625% Senior Notes (“3.625% Senior Notes”) due May 15, 2030. The 3.625% Senior Notes are senior unsecured obligations of the Company and rank pari passu with the Company’s existing and future unsecured indebtedness. Interest on the 3.625% Senior Notes is payable semi-annually in cash on May 15 and November 15 of each year, commencing on November 15, 2020. The Company paid financing costs of $5,476 in connection with the 3.625% Senior Notes. These costs were deferred and are being amortized over the term of the 3.625% Senior Notes.

On January 31, 2013, the Company issued $600,000 aggregate principal amount of 3.85% Senior Notes (“3.85% Senior Notes”) due February 1, 2023. The 3.85% Senior Notes were senior unsecured obligations of the Company and ranked pari passu with the Company’s existing and future unsecured indebtedness. Interest on the 3.85% Senior Notes was payable semi-annually in cash on February 1 and August 1 of each year. The Company paid financing costs of $6,000 in connection with the 3.85% Senior Notes. These costs were deferred and were amortized over the term of the 3.85% Senior Notes. On November 1, 2022, the Company redeemed at par all of the 3.85% Senior Notes.

As defined in the related agreements, the Company’s senior notes contain covenants, representations and warranties and events of default, subject to exceptions, and restrictions on the Company’s financial and business operations, including limitations on liens, restrictions on entering into sale and leaseback transactions, fundamental changes, and a provision allowing the holder of the notes to require repayment upon a change of control triggering event.

Term Loan

On August 12, 2022, the Company and its indirect wholly-owned subsidiary, Mohawk International Holdings S.à r.l. (“Mohawk International”), entered into an agreement that provides for a delayed draw term loan facility (the “Term Loan Facility”), consisting of borrowings of up to $575,000 and €220,000. On October 3, 2022, an additional $100,000 of borrowing capacity was added to the Term Loan Facility. The Term Loan Facility could be drawn upon in up to two advances on any business day on or before December 31, 2022, with the proceeds being used for funding working capital and general corporate purposes. On October 31, 2022 and December 6, 2022, the Company made draws of $675,000 and €220,000, respectively. The Company must pay the outstanding principal amount of the Term Loan Facility, plus accrued and unpaid interest, not later than the maturity date of August 12, 2024. The Company may prepay all or a portion of the Term Loan Facility, plus accrued and unpaid interest, from time to time, without premium or penalty.

At the Company’s election, U.S. dollar-denominated loans under the Term Loan Facility bear interest at an annual rate equal to either (a) SOFR (plus a 0.10% SOFR adjustment) for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 0.825% and 1.50% (0.900% as of July 1, 2023), determined based upon the Company’s consolidated net leverage ratio, or (b) the base rate (defined as the higher of the Wells Fargo Bank, National Association prime rate, the Federal Funds Effective Rate plus 0.5%, and SOFR (plus a 0.10% SOFR adjustment) for a 1 month period plus 1.0%) plus an applicable margin ranging between 0.00% and 0.50% (0.00% as of July 1, 2023), determined based upon the Company’s consolidated net leverage ratio. Euro-denominated loans under the Term Loan Facility bear interest at an annual rate equal to EURIBOR for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 0.825% and 1.50% (0.900% as of July 1, 2023), determined based upon the Company’s consolidated net leverage ratio.

In 2022, the Company paid financing costs of $664 in connection with the Term Loan Facility. These costs were deferred and are being amortized over the term of the Term Loan Facility.

The obligations of the Company and its subsidiaries in respect of the Term Loan Facility are unsecured.

The Term Loan Facility includes certain affirmative and negative covenants that impose restrictions on the Company’s financial and business operations, including limitations on liens, indebtedness, fundamental changes, and changes in the nature of the Company’s business. Many of these limitations are subject to numerous exceptions. The Company is also required to maintain a Consolidated Interest Coverage Ratio of at least 3.5 to 1.0 as of the last day of any fiscal quarter.

The Term Loan Facility also contains customary representations and warranties.

The Term Loan Facility contains events of default customary for this type of financing, including a cross default and cross acceleration provision to certain other material indebtedness of the Company. Upon the occurrence of an event of default, the outstanding obligations under the Term Loan Facility may be accelerated and become due and payable immediately. In addition, if certain change of control events occur with respect to the Company, the Company is required to repay the loans outstanding under the Term Loan Facility.

The fair values and carrying values of the Company’s debt instruments are detailed as follows:


	July 1, 2023			December 31, 2022
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	505,075	545,673	482,139	535,103
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	450,605		500,000	431,605	500,000





U.S. commercial paper	616,063		616,063	785,998	785,998
European commercial paper	398,887		398,887	42,808	42,808
Senior credit facility, payable August 12, 2027	8,185		8,185	—	—
U.S. Term Loan Facility	675,000		675,000	675,000	675,000
European Term Loan Facility	240,096		240,096	235,445	235,445
Finance leases and other	73,999		73,999	52,050	52,050
Unamortized debt issuance costs	(6,544)		(6,544)	(7,270)	(7,270)
Total debt	2,961,366		3,051,359	2,697,775	2,819,134
Less current portion of long term-debt and commercial paper	1,038,032		1,038,032	840,571	840,571
Long-term debt, less current portion	$	1,923,334	2,013,327	1,857,204	1,978,563

The fair values of the Company’s debt instruments were estimated using market observable inputs, including quoted prices in active markets, market indices and interest rate measurements. Within the hierarchy of fair value measurements, these are Level 2 fair values.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1B
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1C
-Subparagraph (b)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1C
-Subparagraph (c)
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1E
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1I
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-Publisher FASB
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+ Details

Goodwill and Intangible Assets - Schedule of Goodwill (Details)	6 Months Ended
	Jul. 01, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	$ 1,927,759,000
Goodwill adjustments related to acquisitions	2,072,000
Goodwill recognized during the period	84,367,000
Currency translation during the period	16,836,000
Goodwill, net, ending balance	2,031,034,000
Operating segments
Goodwill [Roll Forward]
Impairment loss	(2,015,939,000)
Operating segments \| Global Ceramic
Goodwill [Roll Forward]
Goodwill, net, beginning balance	339,834,000
Goodwill adjustments related to acquisitions	0
Goodwill recognized during the period	84,367,000
Currency translation during the period	1,228,000
Goodwill, net, ending balance	425,429,000
Impairment loss	(1,220,444,000)
Operating segments \| Flooring NA
Goodwill [Roll Forward]
Goodwill, net, beginning balance	591,985,000
Goodwill adjustments related to acquisitions	(1,145,000)
Goodwill recognized during the period	0
Currency translation during the period	0
Goodwill, net, ending balance	590,840,000
Impairment loss	(343,054,000)
Operating segments \| Flooring ROW
Goodwill [Roll Forward]
Goodwill, net, beginning balance	995,940,000
Goodwill adjustments related to acquisitions	3,217,000
Goodwill recognized during the period	0
Currency translation during the period	15,608,000
Goodwill, net, ending balance	1,014,765,000
Impairment loss	$ (452,441,000)

Other (Income) Expense, net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Other Nonoperating Income (Expense) [Abstract]
Foreign currency (gains) losses, net	$ 6,832	$ (292)	$ 11,786	$ 444
Release of indemnification asset	0	0	0	7,324
All other, net	(4,617)	(2,526)	(10,137)	(8,148)
Total other (income) expense, net	$ 2,215	$ (2,818)	$ 1,649	$ (380)

Debt - Fair Value and Carrying Value of Debt Instruments (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Less current portion of long term-debt and commercial paper	$ 1,038,032	$ 840,571
1.750% Senior Notes, payable June 12, 2027; interest payable annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	1.75%
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	3.625%
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	$ 73,999	52,050
Unamortized debt issuance costs	(6,544)	(7,270)
Total debt	2,961,366	2,697,775
Less current portion of long term-debt and commercial paper	1,038,032	840,571
Long-term debt, less current portion	1,923,334	1,857,204
Fair Value \| United States
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	616,063	785,998
Term Loan Facility	675,000	675,000
Fair Value \| Europe
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	398,887	42,808
Term Loan Facility	240,096	235,445
Fair Value \| 1.750% Senior Notes, payable June 12, 2027; interest payable annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	505,075	482,139
Fair Value \| 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	450,605	431,605
Fair Value \| Senior credit facility, payable August 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	8,185	0
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	73,999	52,050
Unamortized debt issuance costs	(6,544)	(7,270)
Total debt	3,051,359	2,819,134
Less current portion of long term-debt and commercial paper	1,038,032	840,571
Long-term debt, less current portion	2,013,327	1,978,563
Carrying Value \| United States
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	616,063	785,998
Term Loan Facility	675,000	675,000
Carrying Value \| Europe
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	398,887	42,808
Term Loan Facility	240,096	235,445
Carrying Value \| 1.750% Senior Notes, payable June 12, 2027; interest payable annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	545,673	535,103
Carrying Value \| 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	500,000	500,000
Carrying Value \| Senior credit facility, payable August 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	$ 8,185	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 101,214	$ 280,510	$ 181,490	$ 525,944
Other comprehensive income (loss):
Foreign currency translation adjustments	(221)	34,065	6,651	(48,382)
Prior pension and post-retirement benefit service cost and actuarial gain (loss), net of tax	(12)	70	(508)	607
Other comprehensive income (loss)	(233)	34,135	6,143	(47,775)
Comprehensive income	100,981	314,645	187,633	478,169
Less: comprehensive income (loss) attributable to noncontrolling interests	(319)	613	(338)	455
Comprehensive income attributable to Mohawk Industries, Inc.	$ 101,300	$ 314,032	$ 187,971	$ 477,714

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 29: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 33: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J

Reference 34: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
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Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
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-Name Accounting Standards Codification
-Section 45
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-Publisher FASB
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Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)(1)
-Publisher FASB
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Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A

+ Details

Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jul. 01, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)


	Foreign currency translation adjustments		Prior pension and post- retirement benefit service cost and actuarial gain (loss)	Total
Balance as of December 31, 2022	$	(1,114,629)	371	(1,114,258)
Current period other comprehensive income (loss)	7,024		(508)	6,516

Balance as of July 1, 2023	$	(1,107,605)	(137)	(1,107,742)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended July 1, 2023 and July 2, 2022 (in thousands).


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount















Balance as of April 1, 2023		71,017	$710	$1,931,987	$7,489,998	($1,107,825)	(7,338)	($215,397)	$6,233	$8,105,706
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		1	—	(17)	—	—	—	—	—	(17)
Stock-based compensation expense		—	—	5,350	—	—	—	—	—	5,350




Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	(3)	(3)
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(316)	(316)


Currency translation adjustment		—	—	—	—	95	—	—	—	95
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	(12)	—	—	—	(12)

Net earnings		—	—	—	101,217	—	—	—	—	101,217
Balances as of July 1, 2023		71,018	$710	$1,937,320	$7,591,215	($1,107,742)	(7,338)	($215,397)	$5,914	$8,212,020


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount















Balances as of April 2, 2022		70,880	$709	$1,913,518	$7,630,837	($1,048,599)	(7,341)	($215,495)	$6,633	$8,287,603
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		2	—	(2)	—	—	—	4	—	2
Stock-based compensation expense		—	—	5,654	—	—	—	—	—	5,654

Repurchases of common stock		(4)	—	—	(611)	—	—	—	—	(611)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	79	79
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	535	535
Purchase of noncontrolling interest, net of taxes		—	—	572	—	—	—	—	(927)	(355)

Currency translation adjustment		—	—	—	—	33,530	—	—	—	33,530
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	70	—	—	—	70

Net earnings		—	—	—	280,431	—	—	—	—	280,431
Balances as of July 2, 2022		70,878	$709	$1,919,742	$7,910,657	($1,014,999)	(7,341)	($215,491)	$6,320	$8,606,938

The following tables reflect the changes in stockholders’ equity for the six months ended July 1, 2023 and July 2, 2022 (in thousands).


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount

Balances as of December 31, 2022		70,875	$709	$1,930,789	$7,409,760	($1,114,258)	(7,341)	($215,491)	$6,405	$8,017,914
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		143	1	(3,905)	—	—	3	94	—	(3,810)
Stock-based compensation expense		—	—	10,383	—	—	—	—	—	10,383




Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	35	35
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(373)	(373)
Purchase of noncontrolling interest, net of taxes		—	—	53	—	—	—	—	(153)	(100)

Currency translation adjustment		—	—	—	—	7,024	—	—	—	7,024
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	(508)	—	—	—	(508)

Net earnings		—	—	—	181,455	—	—	—	—	181,455
Balances as of July 1, 2023		71,018	$710	$1,937,320	$7,591,215	($1,107,742)	(7,338)	($215,397)	$5,914	$8,212,020


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount

Balances as of December 31, 2021		72,952	$729	$1,911,131	$7,692,064	($966,952)	(7,343)	($215,547)	$6,791	$8,428,216
Shares issued under employee and director stock plans		107	1	(3,270)	—	—	2	56	—	(3,213)
Stock-based compensation expense		—	—	11,309	—	—	—	—	—	11,309

Repurchases of common stock		(2,181)	(21)	—	(307,167)	—	—	—	—	(307,188)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	184	184
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	272	272
Purchase of noncontrolling interest, net of taxes		—	—	572	—	—	—	—	(927)	(355)

Currency translation adjustment		—	—		—	(48,654)	—	—	—	(48,654)
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	607	—	—	—	607

Net earnings		—	—	—	525,760	—	—	—	—	525,760
Balances as of July 2, 2022		70,878	$709	$1,919,742	$7,910,657	($1,014,999)	(7,341)	($215,491)	$6,320	$8,606,938

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Inventories (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 1,837,940	$ 1,986,005
Work in process	160,488	160,757
Raw materials	620,283	647,003
Total inventories	$ 2,618,711	$ 2,793,765

Stockholders' Equity

6 Months Ended

Jul. 01, 2023

Equity [Abstract]

Stockholders' Equity

Accumulated Other Comprehensive Income (Loss)


	Foreign currency translation adjustments		Prior pension and post- retirement benefit service cost and actuarial gain (loss)	Total
Balance as of December 31, 2022	$	(1,114,629)	371	(1,114,258)
Current period other comprehensive income (loss)	7,024		(508)	6,516

Balance as of July 1, 2023	$	(1,107,605)	(137)	(1,107,742)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended July 1, 2023 and July 2, 2022 (in thousands).


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount















Balance as of April 1, 2023		71,017	$710	$1,931,987	$7,489,998	($1,107,825)	(7,338)	($215,397)	$6,233	$8,105,706
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		1	—	(17)	—	—	—	—	—	(17)
Stock-based compensation expense		—	—	5,350	—	—	—	—	—	5,350




Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	(3)	(3)
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(316)	(316)


Currency translation adjustment		—	—	—	—	95	—	—	—	95
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	(12)	—	—	—	(12)

Net earnings		—	—	—	101,217	—	—	—	—	101,217
Balances as of July 1, 2023		71,018	$710	$1,937,320	$7,591,215	($1,107,742)	(7,338)	($215,397)	$5,914	$8,212,020


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interests	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount















Balances as of April 2, 2022		70,880	$709	$1,913,518	$7,630,837	($1,048,599)	(7,341)	($215,495)	$6,633	$8,287,603
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		2	—	(2)	—	—	—	4	—	2
Stock-based compensation expense		—	—	5,654	—	—	—	—	—	5,654

Repurchases of common stock		(4)	—	—	(611)	—	—	—	—	(611)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	79	79
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	535	535
Purchase of noncontrolling interest, net of taxes		—	—	572	—	—	—	—	(927)	(355)

Currency translation adjustment		—	—	—	—	33,530	—	—	—	33,530
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	70	—	—	—	70

Net earnings		—	—	—	280,431	—	—	—	—	280,431
Balances as of July 2, 2022		70,878	$709	$1,919,742	$7,910,657	($1,014,999)	(7,341)	($215,491)	$6,320	$8,606,938

The following tables reflect the changes in stockholders’ equity for the six months ended July 1, 2023 and July 2, 2022 (in thousands).


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount

Balances as of December 31, 2022		70,875	$709	$1,930,789	$7,409,760	($1,114,258)	(7,341)	($215,491)	$6,405	$8,017,914
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		143	1	(3,905)	—	—	3	94	—	(3,810)
Stock-based compensation expense		—	—	10,383	—	—	—	—	—	10,383




Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	35	35
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(373)	(373)
Purchase of noncontrolling interest, net of taxes		—	—	53	—	—	—	—	(153)	(100)

Currency translation adjustment		—	—	—	—	7,024	—	—	—	7,024
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	(508)	—	—	—	(508)

Net earnings		—	—	—	181,455	—	—	—	—	181,455
Balances as of July 1, 2023		71,018	$710	$1,937,320	$7,591,215	($1,107,742)	(7,338)	($215,397)	$5,914	$8,212,020


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Nonredeemable Noncontrolling Interest	Total Stockholders’ Equity
	Shares	Amount	Shares				Amount

Balances as of December 31, 2021		72,952	$729	$1,911,131	$7,692,064	($966,952)	(7,343)	($215,547)	$6,791	$8,428,216
Shares issued under employee and director stock plans		107	1	(3,270)	—	—	2	56	—	(3,213)
Stock-based compensation expense		—	—	11,309	—	—	—	—	—	11,309

Repurchases of common stock		(2,181)	(21)	—	(307,167)	—	—	—	—	(307,188)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	184	184
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	272	272
Purchase of noncontrolling interest, net of taxes		—	—	572	—	—	—	—	(927)	(355)

Currency translation adjustment		—	—		—	(48,654)	—	—	—	(48,654)
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	607	—	—	—	607

Net earnings		—	—	—	525,760	—	—	—	—	525,760
Balances as of July 2, 2022		70,878	$709	$1,919,742	$7,910,657	($1,014,999)	(7,341)	($215,491)	$6,320	$8,606,938

- Definition

The entire disclosure for equity.

+ References

+ Details

Restructuring, Acquisition and Integration-Related Costs - Schedule of Restructuring, Acquisition Transaction and Integration-Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 35,182		$ 64,423
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring costs	29,576	$ 403	58,620	$ 1,301
Acquisition integration-related costs	865	309	877	349
Restructuring, acquisition transaction and integration-related costs	30,441	712	59,497	1,650
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	5,606	86	5,803	86
Acquisition transaction-related costs	929	330	1,304	1,027
Acquisition integration-related costs	4,685	770	7,181	1,054
Restructuring, acquisition transaction and integration-related costs	$ 11,220	$ 1,186	$ 14,288	$ 2,167

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Segment Reporting (Tables)

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

Schedule of Segment Information


	Three Months Ended			Six Months Ended
	July 1, 2023		July 2, 2022	July 1, 2023	July 2, 2022
Net sales:
Global Ceramic	$	1,155,362	1,158,569	2,214,696	2,223,326
Flooring NA	1,001,698		1,099,538	1,955,115	2,171,448
Flooring ROW	793,368		895,081	1,586,840	1,774,077

Total	$	2,950,428	3,153,188	5,756,651	6,168,851

Operating income (loss):
Global Ceramic	$	84,034	154,269	147,351	254,607
Flooring NA	37,199		100,030	35,186	195,354
Flooring ROW	86,914		124,107	162,159	258,757
Corporate and intersegment eliminations	(55,101)		(10,479)	(65,860)	(19,990)
Total	$	153,046	367,927	278,836	688,728


	July 1, 2023		December 31, 2022
Assets:
Global Ceramic	$	5,546,167	4,841,310
Flooring NA	4,210,170		4,299,360
Flooring ROW	4,295,257		4,275,519
Corporate and intersegment eliminations	533,569		704,243
Total	$	14,585,163	14,120,432

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 2,031,034	$ 1,927,759
2023 Acquisitions
Business Acquisition [Line Items]
Working capital	98,034
Property, plant and equipment	336,360
Long-term debt, including current portion	(26,072)
Deferred tax, net	(9,084)
Net assets acquired	524,154
Less: cash acquired	(7,261)
Net consideration transferred (net of cash acquired)	516,893
2023 Acquisitions \| Tradenames
Business Acquisition [Line Items]
Intangible assets	38,539
2023 Acquisitions \| Customer relationships
Business Acquisition [Line Items]
Intangible assets	$ 2,010

Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 01, 2023

Equity [Abstract]

Schedule Of Accumulated Other Comprehensive Income (Loss)


	Foreign currency translation adjustments		Prior pension and post- retirement benefit service cost and actuarial gain (loss)	Total
Balance as of December 31, 2022	$	(1,114,629)	371	(1,114,258)
Current period other comprehensive income (loss)	7,024		(508)	6,516

Balance as of July 1, 2023	$	(1,107,605)	(137)	(1,107,742)

Acquisitions (Tables)

6 Months Ended

Jul. 01, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price by major class of assets acquired and liabilities assumed as of the acquisition date.


	Amounts recognized as of the acquisition date
Working capital	$	98,034
Property, plant and equipment	336,360
Tradenames	38,539
Customer relationships	2,010
Goodwill	84,367
Long-term debt, including current portion	(26,072)
Deferred tax, net	(9,084)
	524,154
Less: cash acquired	(7,261)
Net consideration transferred (net of cash acquired)	$	516,893